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Overseas R&D and Technological Innovation: Empirical Evidence of Chinese Listed Companies

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  • Liu, Defeng
  • Xu, Xingao
  • Lyu, Xinyu
  • Shi, Yaobo

Abstract

This study utilises data from A-share listed businesses spanning 2009 to 2019 and empirically examines the correlation between the construction of abroad R&D centres and corporate innovation output from the host country's perspective. The study indicated that the creation of international R&D centres by companies markedly enhances their innovation output, while the innovation linkages, business climate, trade obstacles, and other attributes of the host nation influence the innovation output of the parent organisation. Moreover, international R&D centres exert varying innovation-enhancing impacts on firms with distinct features.

Suggested Citation

  • Liu, Defeng & Xu, Xingao & Lyu, Xinyu & Shi, Yaobo, 2025. "Overseas R&D and Technological Innovation: Empirical Evidence of Chinese Listed Companies," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:pacfin:v:91:y:2025:i:c:s0927538x25000915
    DOI: 10.1016/j.pacfin.2025.102754
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