Impact of strategic alliances on enterprise investment levels

Yan Zhou, Tengyin Hu and Yuheng Ren

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

Abstract: This study selected a sample of listed companies in China from 2012 to 2022 to examine the impact of strategic alliances on enterprise investment levels. Based on the findings, the participation in strategic alliances significantly improved the investment levels of the listed companies, while reducing their financing constraints and enhancing their risk-taking abilities. For the nonstate-owned enterprises, the effect of the participation in strategic alliances on their investment levels was more significant.

Keywords: Strategic alliance; Enterprise investment level; Risk-taking; 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:s1544612324007256

DOI: 10.1016/j.frl.2024.105695

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