IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v89y2026ics1544612325025899.html

Industrial clusters, financial flow of enterprises, and the enhancement of regional economic resilience

Author

Listed:
  • Yao, Fengge
  • Yu, Jiayi

Abstract

The relationship between industrial clusters, corporate financial flows, and regional economic resilience is experimentally analyzed in this paper using panel data from different provinces, cities, and firms in China between 2012 and 2023. The research shows that industrial clusters can make regions more resilient economically. However, the effect is stronger in regions with a more advanced industrial structure. The ways in which industrial clusters affect regional economic resilience vary across regions. The effect of corporate financial flows on regional economic resilience differs greatly across regions, with the most noticeable differences in central regions compared to western and eastern regions. However, overall, corporate financial flows have a positive effect on regional economic resilience. This moderating effect varies significantly across regions with different tax burdens; in high tax burden regions, the moderating effect of corporate financial flows on the relationship between industrial clusters and regional economic resilience is stronger than in low tax burden regions. Corporate financial flows serve as a moderating factor in the relationship between industrial clusters and regional economic resilience.

Suggested Citation

  • Yao, Fengge & Yu, Jiayi, 2026. "Industrial clusters, financial flow of enterprises, and the enhancement of regional economic resilience," Finance Research Letters, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:finlet:v:89:y:2026:i:c:s1544612325025899
    DOI: 10.1016/j.frl.2025.109340
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325025899
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2025.109340?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.

    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:89:y:2026:i:c:s1544612325025899. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.