Local official turnover, business environment, and innovation and entrepreneurship

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-06-15 DOI:10.1016/j.frl.2025.107778

Yang Yu , Lina Feng

引用次数: 0

Abstract

Based on panel data at the prefecture-level city level in China, this study investigates the impact of local official turnover on innovation and entrepreneurship effectiveness in their jurisdictions. The findings reveal that local official turnover has a significantly positive effect on innovation and entrepreneurship outcomes, with this effect being more pronounced when the Party Secretary changes. Furthermore, the business environment positively influences innovation and entrepreneurship effectiveness but weakens the direct enhancing effect of local official turnover. Fiscal expenditure on science and technology mediates the relationship between local official turnover and innovation and entrepreneurship outcomes.

查看原文本刊更多论文

地方官员更替、营商环境与创新创业

基于中国地级市的面板数据，本研究考察了地方官员更替对其辖区内创新创业效率的影响。研究发现，地方官员更替对创新创业结果有显著的正向影响，且在党委书记变动时，这种影响更为明显。营商环境对创新创业有效性有正向影响，但弱化了地方官员更替的直接提升作用。财政科技支出在地方官员更替与创新创业成果的关系中起中介作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance