Can the Double-Pillar Regulation Drive Enterprise Innovation?

Bing Ma and Miaochao Chen

Journal of Mathematics, 2022, vol. 2022, 1-9

Abstract: This paper explores the effect of the Double-pillar regulation on promoting enterprise innovation and its influencing mechanism. Based on the panel data of A-share listed nonfinancial enterprises in China from 2010 to 2019, this paper empirically examines the driving effect of the Double-pillar regulation on enterprise innovation and its influencing mechanism. The empirical results demonstrate that the Double-pillar regulation can promote enterprise innovation, and there is significant regional heterogeneity. The Double-pillar regulation has a stronger driving effect on the innovation of state-owned enterprises. The Double-pillar regulation can effectively reduce the financialization of enterprises, thus boosting enterprise innovation. The degree of financing constraint and the improvement of enterprise risk-taking level will enhance the driving effect of the double-pillar regulation on enterprise innovation. The research of this paper promotes the understanding of the effect, mechanism, and regional differences of enterprise innovation under the Double-pillar regulation. Meanwhile, it also examines the necessity of building the Double-pillar regulation framework.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://downloads.hindawi.com/journals/jmath/2022/7329552.pdf (application/pdf)
http://downloads.hindawi.com/journals/jmath/2022/7329552.xml (application/xml)

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:hin:jjmath:7329552

DOI: 10.1155/2022/7329552

Access Statistics for this article

More articles in Journal of Mathematics from Hindawi
Bibliographic data for series maintained by Mohamed Abdelhakeem ().