Overseas R&D and Technological Innovation: Empirical Evidence of Chinese Listed Companies

Defeng Liu, Xingao Xu, Xinyu Lyu and Yaobo Shi

Pacific-Basin Finance Journal, 2025, vol. 91, issue C

Abstract: This study utilises data from A-share listed businesses spanning 2009 to 2019 and empirically examines the correlation between the construction of abroad R&D centres and corporate innovation output from the host country's perspective. The study indicated that the creation of international R&D centres by companies markedly enhances their innovation output, while the innovation linkages, business climate, trade obstacles, and other attributes of the host nation influence the innovation output of the parent organisation. Moreover, international R&D centres exert varying innovation-enhancing impacts on firms with distinct features.

Keywords: Overseas R&D Center; Enterprise innovation; Difference in difference model; Host country (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:pacfin:v:91:y:2025:i:c:s0927538x25000915

DOI: 10.1016/j.pacfin.2025.102754

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