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Enterprise innovation efficiency and government subsidies: Perspectives based on international investment rules

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  • Deng, Ruijia
  • Luo, Jingwen
  • He, Bingzhuo

Abstract

As international investment rule standards become increasingly stringent, they dampen firms' enthusiasm to enhance innovation levels through overseas investment. This study, utilizing data from Chinese A-share listed companies from 2010 to 2022, examines the relationship between international investment rules, enterprise innovation efficiency, and government innovation subsidies. The findings reveal: (1) Stricter international investment rule standards suppress the Enterprise innovation efficiency; (2) Government innovation subsidies serve as a moderating factor between international investment rules and enterprise innovation efficiency; (3) The impact of international investment rules on enterprise innovation efficiency exhibits heterogeneity across different regions, industries, and enterprise natures.

Suggested Citation

  • Deng, Ruijia & Luo, Jingwen & He, Bingzhuo, 2024. "Enterprise innovation efficiency and government subsidies: Perspectives based on international investment rules," Finance Research Letters, Elsevier, vol. 65(C).
    • Handle: RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324006342
    DOI: 10.1016/j.frl.2024.105604
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    References listed on IDEAS

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    1. Zhang, Yuan & Li, Ying, 2025. "Enhancing innovation capabilities, digital management, and corporate competitiveness," Finance Research Letters, Elsevier, vol. 73(C).

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