The impact of industrial policy on corporate innovation

Jinquan Tang, Hsiao-Fen Hsiao and Xiangfeng Xu

Finance Research Letters, 2025, vol. 82, issue C

Abstract: Therefore, this study is based on the data of listed companies in the mainland and Taiwan regions from 2016 to 2022. The study proves that in the short term, the industrial policies in both the mainland and Taiwan regions have a positive promoting effect on corporate innovation input and output. However, in the long term, from the perspective of innovation input, the industrial policies in the mainland region did not initially increase corporate R&D intensity, but as the policies were implemented year by year, the R&D intensity of enterprises gradually increased.

Keywords: Industrial policy; Corporate innovation; Mainland China and Taiwan (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612325008773
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:82:y:2025:i:c:s1544612325008773

DOI: 10.1016/j.frl.2025.107618

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().