Media environment, venture capital, and technological innovation: Evidence from China

Yongyuan Ma, Ao Shen, Qingyuan Zhu and Peng Wang

Managerial and Decision Economics, 2022, vol. 43, issue 6, 1734-1747

Abstract: Informed by institutional embeddedness perspective, we examine how media environment as an informal institutional arrangement shapes technological innovation. Through an empirical examination of the panel data of 30 Chinese provinces from 2009 to 2019, we document a positive relationship between media environment and venture capital (VC). Our results also indicate VC positively affects technological innovation and media environment influences technological innovation through VC. Besides, we find subnational institutional development serves as a facilitator, while subnational state‐owned economy development is a burden, in influencing the positive linkage between VC and technological innovation. Finally, we provide valuable insights for technological innovation.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1002/mde.3483

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:wly:mgtdec:v:43:y:2022:i:6:p:1734-1747

Access Statistics for this article

Managerial and Decision Economics is currently edited by Antony Dnes

More articles in Managerial and Decision Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().