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The impact of investor interest protection on corporate innovation efficiency

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  • Shen, Yuanyuan

Abstract

Based on data from China's A-share listed enterprises from 2010 to 2022, this study finds that strengthening the protection of internal investor's interests and improving external investor protection laws are conducive to improving enterprise innovation efficiency. Moreover, private enterprises play a larger role than SEOs, and equity financing costs act as an intermediary. Furthermore, strengthening company internal control will amplify the positive impact of investor protection on company innovation efficiency.

Suggested Citation

  • Shen, Yuanyuan, 2024. "The impact of investor interest protection on corporate innovation efficiency," Finance Research Letters, Elsevier, vol. 62(PA).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001363
    DOI: 10.1016/j.frl.2024.105106
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    References listed on IDEAS

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    Cited by:

    1. Jiang, Xiuping & Jiang, Chunxia, 2024. "Government R&D subsidies, bank credit and the innovation efficiency of high-tech enterprises," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    2. Zhang, Zuomin & Wu, Yingjue & Wang, Honglei, 2024. "Corporate financial fragility, R&D investment, and corporate green innovation: Evidence from China," Finance Research Letters, Elsevier, vol. 62(PB).
    3. Che, Jiayi & Chen, Jinsong, 2024. "Empirical study on marketing investment and business innovation—A case analysis based on small and medium enterprises," Finance Research Letters, Elsevier, vol. 69(PB).

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