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The impact of COVID-19 on firm innovation: Evidence from Chinese listed companies

Author

Listed:
  • Jin, Xin
  • Zhang, Min
  • Sun, Guanghua
  • Cui, Lixin

Abstract

This study examines the impact of COVID-19 on firm innovation using the data of Chinese listed companies from January 2020 to October 2020. The results show that at the national level, COVID-19 inhibits firm innovation in China. At the regional level, there are no differences in the impacts of COVID-19 on Hubei province and other regions. At the firm level, compared with non-state-owned enterprises (NSOEs), COVID-19 has a greater negative effect on the innovation quality of state-owned enterprises (SOEs). Innovation in large companies is more vulnerable to COVID-19 than in small and medium-sized enterprises (SMEs).

Suggested Citation

  • Jin, Xin & Zhang, Min & Sun, Guanghua & Cui, Lixin, 2022. "The impact of COVID-19 on firm innovation: Evidence from Chinese listed companies," Finance Research Letters, Elsevier, vol. 45(C).
    • Handle: RePEc:eee:finlet:v:45:y:2022:i:c:s1544612321002142
    DOI: 10.1016/j.frl.2021.102133
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    References listed on IDEAS

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