Belt and Road Initiative: Driving innovation in tech enterprises through global value chains

Wensheng Dai

Finance Research Letters, 2025, vol. 74, issue C

Abstract: Utilizing a dataset of Chinese technology-listed companies spanning from 2008 to 2022, this research investigates the influence of the "Belt and Road" initiative on technological innovation performance. The results disclose a significant positive association between the "Belt and Road" initiative and enterprise innovation outputs. Further examination indicates that the global value chain acts as a crucial mediator in the connection between the "Belt and Road" initiative and enterprise innovation efficiency. Moreover, the heterogeneity analysis reveals a remarkable difference in the way the "Belt and Road" initiative impacts the innovation effectiveness of state-owned and non-state-owned enterprises.

Keywords: “Belt and Road” Initiative; Enterprise innovation performance; Global value chain (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:74:y:2025:i:c:s1544612325000613

DOI: 10.1016/j.frl.2025.106796

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