Beyond regular hours: Government overtime and new quality productivity of Chinese listed firms

Yanfei Wu and Kai Wu

Finance Research Letters, 2025, vol. 79, issue C

Abstract: This study examines the impact of government administrative efforts, proxied by overtime hours, on firm-level innovation and productivity in China. Using novel satellite-based nighttime light data and firm financial information, we construct measures of government overtime and new quality productivity indices. Fixed-effects regressions reveal that higher government overtime is associated with increased corporate innovation, particularly for firms in high-tech and R&D-intensive sectors. Politically connected firms also benefit more from government responsiveness. Our findings highlight the critical role of the public sector efforts in fostering firm-level productivity and underscore the importance of administrative practices in shaping innovativeness.

Keywords: Government efforts; Innovation; Administrative responsiveness; Government overtime; Political connections (search for similar items in EconPapers)
JEL-codes: D73 H11 O31 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325005641

DOI: 10.1016/j.frl.2025.107301

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