Do foreign institutional investors enhance firm innovation in China?

Zhuo Qiao and Zhaohua Li

Applied Economics Letters, 2019, vol. 26, issue 13, 1125-1128

Abstract: This paper investigates the impact of the Qualified Foreign Institutional Investor (QFII) scheme regulated by the Chinese government on firm innovation in China. By explicitly addressing the potential endogenous relationship between foreign institutional ownership and firm innovation, we find that foreign institutional investors enhance firm innovation in China, suggesting that the Chinese government should further relax its foreign capital investment control, for example, increase the quota of the QFII scheme.

Date: 2019
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DOI: 10.1080/13504851.2018.1540831

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