China's Belt and Road Initiative and Corporate Innovation

Xi Wu and Yanwu Si

Finance Research Letters, 2022, vol. 48, issue C

Abstract: This study examines the relation between the Belt and Road Initiative (B&R Initiative) and the different types of firm innovation. We show that the B&R Initiative has a significant positive impact on the technical innovation of firms. The effect of B&R Initiative on the technical innovation mainly occurs in non-state-owned firms and non-high-tech firms. Furthermore, we examine the possible mechanisms through which B&R Initiative affects the innovation of firms, and results show that B&R Initiative affect the technical innovation through market competition and capacity utilization, the above two paths are beneficial to the technical innovation of firms.

Keywords: Belt and road initiative; Innovation; Patent; China (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:48:y:2022:i:c:s1544612322002823

DOI: 10.1016/j.frl.2022.103052

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