Research on the Impact of Foreign Direct Investment on the Growth Performance of Enterprises

Can Peng () and Jiayi Yin ()
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Can Peng: Nanjing University of Aeronautics and Astronautics, College of Economics and Management
Jiayi Yin: Nanjing University of Aeronautics and Astronautics, College of Economics and Management

A chapter in Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024), 2024, pp 195-212 from Springer

Abstract: Abstract Based on the perspectives of foreign direct investment and dual innovation theory, this study empirically investigates the impact of foreign direct investment on the growth performance of high-tech listed companies in Shanghai and Shenzhen from 2011 to 2020. The mediating effect of dual innovation capability between foreign direct investment and corporate growth performance is analyzed, and whether network centrality has a moderating effect on the relationship between foreign direct investment and corporate growth performance is explored. The empirical results show that: (1) Foreign direct investment has a positive impact on the growth performance of enterprises; (2) Dual innovation capability plays a mediating role between FDI and growth performance, while applied innovation capability and exploratory innovation capability play a partial mediating role between them; (3) Network centrality plays a positive moderating role in the relationship between foreign direct investment and corporate growth performance. This article proposes that high-tech enterprises should actively introduce foreign investment, enhance dual innovation capabilities.

Keywords: Foreign direct investment; Corporate growth performance; Dual innovation; Network Centrality (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-548-5_23

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DOI: 10.2991/978-94-6463-548-5_23

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