Enterprise innovation efficiency and government subsidies: Perspectives based on international investment rules

Ruijia Deng, Jingwen Luo and Bingzhuo He

Finance Research Letters, 2024, vol. 65, issue C

Abstract: As international investment rule standards become increasingly stringent, they dampen firms' enthusiasm to enhance innovation levels through overseas investment. This study, utilizing data from Chinese A-share listed companies from 2010 to 2022, examines the relationship between international investment rules, enterprise innovation efficiency, and government innovation subsidies. The findings reveal: (1) Stricter international investment rule standards suppress the Enterprise innovation efficiency; (2) Government innovation subsidies serve as a moderating factor between international investment rules and enterprise innovation efficiency; (3) The impact of international investment rules on enterprise innovation efficiency exhibits heterogeneity across different regions, industries, and enterprise natures.

Keywords: Enterprise innovation efficiency; Government subsidies; China; International investment rules (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324006342

DOI: 10.1016/j.frl.2024.105604

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