The impact of COVID-19 on firm innovation: Evidence from Chinese listed companies

Xin Jin, Min Zhang, Guanghua Sun and Lixin Cui

Finance Research Letters, 2022, vol. 45, issue C

Abstract: This study examines the impact of COVID-19 on firm innovation using the data of Chinese listed companies from January 2020 to October 2020. The results show that at the national level, COVID-19 inhibits firm innovation in China. At the regional level, there are no differences in the impacts of COVID-19 on Hubei province and other regions. At the firm level, compared with non-state-owned enterprises (NSOEs), COVID-19 has a greater negative effect on the innovation quality of state-owned enterprises (SOEs). Innovation in large companies is more vulnerable to COVID-19 than in small and medium-sized enterprises (SMEs).

Keywords: Chinese listed companies; COVID-19; Firm innovation (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:45:y:2022:i:c:s1544612321002142

DOI: 10.1016/j.frl.2021.102133

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