Corporate financial investment’s effects on corporate innovation
DOI:
https://doi.org/10.61173/p2nav026Keywords:
financialization, r&d investment, financial investment, enterprise innovationAbstract
This study develops an analytical model on the impact of corporate financialization and corporate R&D expenditure based on the micro perspective of firms, and uses data from A-share listed companies to test and assess the fixed-effect model and IV-GMM test, respectively. The findings indicate that business financialization has a considerable negative impact on company R&D investment, and that as corporate financialization levels rise, corporate.
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