Beyond regular hours: Government overtime and new quality productivity of Chinese listed firms

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-04-02 DOI:10.1016/j.frl.2025.107301

Yanfei Wu , Kai Wu

引用次数: 0

Abstract

This study examines the impact of government administrative efforts, proxied by overtime hours, on firm-level innovation and productivity in China. Using novel satellite-based nighttime light data and firm financial information, we construct measures of government overtime and new quality productivity indices. Fixed-effects regressions reveal that higher government overtime is associated with increased corporate innovation, particularly for firms in high-tech and R&D-intensive sectors. Politically connected firms also benefit more from government responsiveness. Our findings highlight the critical role of the public sector efforts in fostering firm-level productivity and underscore the importance of administrative practices in shaping innovativeness.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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