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The Anti-Unfair Competition Law and total factor productivity of enterprises

Author

Listed:
  • Zhang, Maoyue
  • Xia, Linglan
  • Wang, Yuefeng

Abstract

This study utilizes a dataset of Chinese listed companies from 2011 to 2023 to deeply investigate the mechanism through which the Anti-Unfair Competition Law affects firms' total factor productivity (TFP), with a particular focus on the mediating role of corporate innovation in this dynamic relationship. The findings indicate that the Anti-Unfair Competition Law exerts a significant positive driving effect on firms’ total factor productivity; the law’s promotion of TFP varies between profitable and loss-making firms; and the law enhances firms’ total factor productivity by improving their innovation capacity.

Suggested Citation

  • Zhang, Maoyue & Xia, Linglan & Wang, Yuefeng, 2025. "The Anti-Unfair Competition Law and total factor productivity of enterprises," Finance Research Letters, Elsevier, vol. 86(PA).
    • Handle: RePEc:eee:finlet:v:86:y:2025:i:pa:s1544612325015065
    DOI: 10.1016/j.frl.2025.108252
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    References listed on IDEAS

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