Overseas R&D and Technological Innovation: Empirical Evidence of Chinese Listed Companies

IF 4.8 2区经济学 Q1 BUSINESS, FINANCE

Pacific-Basin Finance Journal Pub Date : 2025-03-26 DOI:10.1016/j.pacfin.2025.102754

Defeng Liu , Xingao Xu , Xinyu Lyu , Yaobo Shi

引用次数: 0

Abstract

This study utilises data from A-share listed businesses spanning 2009 to 2019 and empirically examines the correlation between the construction of abroad R&D centres and corporate innovation output from the host country's perspective. The study indicated that the creation of international R&D centres by companies markedly enhances their innovation output, while the innovation linkages, business climate, trade obstacles, and other attributes of the host nation influence the innovation output of the parent organisation. Moreover, international R&D centres exert varying innovation-enhancing impacts on firms with distinct features.

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来源期刊

Pacific-Basin Finance Journal BUSINESS, FINANCE-

CiteScore

6.80

自引率

6.50%

发文量

157

期刊介绍： The Pacific-Basin Finance Journal is aimed at providing a specialized forum for the publication of academic research on capital markets of the Asia-Pacific countries. Primary emphasis will be placed on the highest quality empirical and theoretical research in the following areas: • Market Micro-structure; • Investment and Portfolio Management; • Theories of Market Equilibrium; • Valuation of Financial and Real Assets; • Behavior of Asset Prices in Financial Sectors; • Normative Theory of Financial Management; • Capital Markets of Development; • Market Mechanisms.