跨企业技术联系和同伴效应对投资效率的影响

IF 2.1 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2025-02-08 DOI:10.1016/j.econlet.2025.112220

Kailin Zeng , Wen Kuang , Ebenezer Fiifi Emire Atta Mills

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引用次数: 0

摘要

本研究提供了令人信服和有力的证据，证明投资模仿产生于技术同伴关系。文献记载的同伴效应通过竞争为基础、结果为导向、学习为基础和市场反馈渠道发挥作用。模仿技术同行的投资策略对焦点公司的未来业绩有积极影响，特别是在高度竞争的市场中，当这些同行表现出卓越的财务业绩或有利的股票回报时。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Cross-firm technological linkage and peer effects on investment efficiency

This study provides compelling and robust evidence of investment imitation arising from technological peer relationship. The documented peer effect operates through competition-based, outcome-oriented, learning-based, and market feedback channels. Mimicking investment strategies of technological peers positively influences the future performance of focal firms, especially in highly competitive markets and when these peers exhibit superior financial performance or favorable stock returns.

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.