Listing on the stock exchange and firm innovation

Fang Yang, Yang Ma, Xi Tang, Xinhai Ye, Xiaoye Chen and Ruochen Zhang

Finance Research Letters, 2024, vol. 66, issue C

Abstract: This paper selects China's A-share listed companies from 2017 to 2022 as a research sample. It investigates the impact of listing on the innovation activities of enterprises and the mechanism of the role of stock exchange listing. It is found that stock exchange listing will have a significant inhibitory effect on corporate innovation; stock exchange listing affects corporate innovation by influencing the company's tax burden and the company's financing constraints.

Keywords: Exchange listing; Corporate innovation; Tax burden; Financing constraints (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:66:y:2024:i:c:s1544612324006858

DOI: 10.1016/j.frl.2024.105655

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