IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v64y2024ics1544612324005051.html

Enterprise innovation, internal income gap and common wealth

Author

Listed:
  • Liu, Ping
  • Sun, Xiaoqing

Abstract

This paper utilizes the data of China's A-share listed companies from 2008 to 2022 to explore the impact of innovation on the common wealth in depth from the micro-enterprise level. The study results show that improving enterprise innovation level has a positive promotion effect on the common wealth. However, this promotion effect varies across different types of enterprises and is particularly significant in reducing the income gap within state-owned enterprises. In addition, corporate innovation further contributes to common wealth by raising the level of employee compensation and lowering the level of executive compensation. This finding provides useful insights for policymakers.

Suggested Citation

  • Liu, Ping & Sun, Xiaoqing, 2024. "Enterprise innovation, internal income gap and common wealth," Finance Research Letters, Elsevier, vol. 64(C).
    • Handle: RePEc:eee:finlet:v:64:y:2024:i:c:s1544612324005051
    DOI: 10.1016/j.frl.2024.105475
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612324005051
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2024.105475?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Xing, Chao & Zhang, Yuming & Tripe, David, 2021. "Green credit policy and corporate access to bank loans in China: The role of environmental disclosure and green innovation," International Review of Financial Analysis, Elsevier, vol. 77(C).
    2. Solis-Navarrete, José Alberto & Bucio-Mendoza, Saray & Paneque-Gálvez, Jaime, 2021. "What is not social innovation," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    3. Daud, Siti Nurazira Mohd & Ahmad, Abd Halim & Khalid, Airil & Azman-Saini, W.N.W., 2022. "FinTech and financial stability: Threat or opportunity?," Finance Research Letters, Elsevier, vol. 47(PB).
    4. Zhou, Bing & Li, Yu-meng & Sun, Fang-cheng & Zhou, Zhong-guo, 2021. "Executive compensation incentives, risk level and corporate innovation," Emerging Markets Review, Elsevier, vol. 47(C).
    5. Wu, Bangzheng & Yue, Pengpeng & Zuo, Shengqiang, 2023. "Borrow to be the poor or the rich? It depends: Credit market and wealth accumulation," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 804-821.
    6. Aharon, David Y. & Demir, Ender, 2022. "NFTs and asset class spillovers: Lessons from the period around the COVID-19 pandemic," Finance Research Letters, Elsevier, vol. 47(PA).
    7. Wang, Nan & Wan, Jiahao & Ma, Zhenzhong & Zhou, Yan & Chen, Jin, 2023. "How digital platform capabilities improve sustainable innovation performance of firms: The mediating role of open innovation," Journal of Business Research, Elsevier, vol. 167(C).
    8. Del Giudice, Manlio & Garcia-Perez, Alexeis & Scuotto, Veronica & Orlando, Beatrice, 2019. "Are social enterprises technological innovative? A quantitative analysis on social entrepreneurs in emerging countries," Technological Forecasting and Social Change, Elsevier, vol. 148(C).
    9. Murinde, Victor & Rizopoulos, Efthymios & Zachariadis, Markos, 2022. "The impact of the FinTech revolution on the future of banking: Opportunities and risks," International Review of Financial Analysis, Elsevier, vol. 81(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhang, Qiang & Lou, Mingyu, 2025. "Executive team faultlines, business diversification, and corporate substantive innovation," International Review of Economics & Finance, Elsevier, vol. 103(C).
    2. Zhang, Rongguang & Chen, Liang, 2025. "Enterprise positioning in global technology markets: How innovation capability and data-asset transparency shape export technology complexity," Finance Research Letters, Elsevier, vol. 86(PD).
    3. Hu, Siyang & Zhou, Xingyu & Li, Ping, 2025. "Tax incentives, market competition, and corporate innovation," Finance Research Letters, Elsevier, vol. 77(C).
    4. Wu, Zihang & Zeng, Ning & Song, Jiansong, 2025. "Tax incentives and corporate technological innovation performance: An analysis from the perspective of R&D investment," International Review of Economics & Finance, Elsevier, vol. 102(C).
    5. Kong, Yan & Li, Yang & Wan, Bonan, 2025. "Big data development, accounting information quality, and corporate innovation," Finance Research Letters, Elsevier, vol. 78(C).
    6. Wang, Qiang & Gui, Keyi & Hou, Hong & Zhao, Yanrong, 2026. "The corporate value of innovation: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 89(C), pages 73-89.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gong, Zhongyi & He, Pei & Sun, Yuyang, 2025. "Social governance, financial regulation, and corporate investment efficiency," Finance Research Letters, Elsevier, vol. 79(C).
    2. Ji, Heli & Yu, Zhihai & Tian, Grace (Li) & Wang, David (Han) & Wen, Yue, 2025. "Market competition, environmental, social and corporate governance investment, and enterprise green innovation performance," Finance Research Letters, Elsevier, vol. 77(C).
    3. Elekdag, Selim & Emrullahu, Drilona & Ben Naceur, Sami, 2025. "Does FinTech Increase Bank Risk-taking?," Journal of Financial Stability, Elsevier, vol. 76(C).
    4. Zhang, Huatao & Bi, Tao & Shen, Yunqiao & Tu, Sophia Zimeng, 2025. "The effects of intellectual property protection on corporate digital transformation," International Review of Economics & Finance, Elsevier, vol. 103(C).
    5. Huang, Huasheng & Xu, Xiaoli & Du, Shilin, 2025. "Can financial innovation and industrial structure upgrading reduce regional criminal activity levels?," Finance Research Letters, Elsevier, vol. 75(C).
    6. Son, Bumho & Jang, Huisu, 2023. "Economics of blockchain-based securities settlement," Research in International Business and Finance, Elsevier, vol. 64(C).
    7. Li, Yuantian & Xu, Haoyu & Li, Huiru & Xu, Yingming, 2025. "Digital economy, environmental regulations, and green economic development," Finance Research Letters, Elsevier, vol. 75(C).
    8. Su, Xianfang & Zhao, Yachao, 2025. "Can fourth industrial revolution assets provide diversification benefits for traditional sectoral stocks? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    9. Cuadros-Solas, Pedro J. & Cubillas, Elena & Salvador, Carlos, 2023. "Does alternative digital lending affect bank performance? Cross-country and bank-level evidence," International Review of Financial Analysis, Elsevier, vol. 90(C).
    10. Zhang, Jintao & Lei, Xinghui & Su, Taoyong & Li, Ziyao, 2025. "Credit availability of energy-intensive industries in emerging economies: Do financially established firms have better access to credit?," Energy Economics, Elsevier, vol. 145(C).
    11. Yang, Ranran & Tu, Yongqian & Shen, Yunqiao, 2025. "Can the degree of party membership among management enhance corporate innovation performance? The moderating role of technology finance," International Review of Economics & Finance, Elsevier, vol. 101(C).
    12. Han, Gefei & Luo, Yanjun, 2024. "Reduced executive shareholdings and corporate green innovation," Finance Research Letters, Elsevier, vol. 62(PB).
    13. Cicchiello, Antonella Francesca & Foroni, Cristian & Monferrà, Stefano & Torluccio, Giuseppe, 2025. "Do FinTech Acquisitions Affect Banks' ESG Performance? Evidence from Global M&As," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 105(C).
    14. Han, Lihong & Lv, Qi & Zhang, Qi, 2025. "Digital financial inclusion, credit access and non-farm employment," Finance Research Letters, Elsevier, vol. 72(C).
    15. Assaf, Ata & Demir, Ender & Mokni, Khaled, 2024. "Exploring connectedness among cryptocurrency, technology communication, and FinTech through dynamic and fractal analysis," Finance Research Letters, Elsevier, vol. 63(C).
    16. Rui Ai & Yuhang Zheng & Serhat Yüksel & Hasan Dinçer, 2023. "Investigating the components of fintech ecosystem for distributed energy investments with an integrated quantum spherical decision support system," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-28, December.
    17. Vuković, Darko B. & Hassan, M. Kabir & Kwakye, Bernard & Febtinugraini, Armike & Shakib, Mohammed, 2024. "Does fintech matter for financial inclusion and financial stability in BRICS markets?," Emerging Markets Review, Elsevier, vol. 61(C).
    18. He, Zuojing & Ge, Fangting & Ban, Shengxi & Min Du, Anna & Sheehan, Maura, 2024. "Fintech's influence on green credit provision: Empirical evidence from China’s listed banking sector," Research in International Business and Finance, Elsevier, vol. 70(PB).
    19. Zhou, Zhongsheng & Zhang, Jingyao & He, Chao, 2025. "Manufacturing enterprise digital transformation, manager cognition, and strategic Risk-Taking—Evidence from China," International Review of Economics & Finance, Elsevier, vol. 98(C).
    20. Guo, Junyan & Fang, Hanqing & Liu, Xuexin & Wang, Cizhi & Wang, Yuan, 2023. "FinTech and financing constraints of enterprises: Evidence from China," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 82(C).

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:64:y:2024:i:c:s1544612324005051. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.