Does globalized R&D promote corporate innovation?

Yuliang Sun and Mingfeng Han

Finance Research Letters, 2025, vol. 81, issue C

Abstract: This paper is based on data from Chinese A-share listed companies from 2010 to 2022, exploring the relationship between R&D globalization and corporate innovation. The research results indicate that R&D globalization contributes to enhancing corporate innovation capabilities; collaboration between companies and other financial institutions during the year can positively moderate the effect of R&D globalization on promoting innovation; moreover, the size of the enterprise also plays a moderating role in this enhancement effect. Further analysis reveals that the promoting effect of R&D globalization exhibits significant heterogeneity across different states of financial institution collaboration and varying enterprise sizes.

Keywords: R&D globalization; Corporate innovation; Financial institution collaboration; Enterprise size (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:81:y:2025:i:c:s1544612325004957

DOI: 10.1016/j.frl.2025.107232

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