IDEAS home Printed from https://ideas.repec.org/a/mth/bmsmti/v16y2025i1p106-125.html
   My bibliography  Save this article

The Impact of Technology Innovation Output on Firm Value of Technology Innovation SMEs in China

Author

Listed:
  • Zichang Liu
  • Nik Hadiyan Binti Nik Azman

Abstract

With the advent of the big data era, technological innovation has become the driving force behind the expansion of technology innovation SMEs. Where feasible, enterprises must rely on the development of technology innovation SMEs as soon as possible to strengthen their national power and achieve sustainable development. Understanding the relationship between technological innovation output and firm value is crucial for developing R&D budgets and guiding some strategic decisions of top managers in firms. This article research the impact of technological innovation output on the firm value of technology innovation SMEs, this study is based on the data from 2019 to 2023 of the listed enterprises in China's Science and Technology Innovation Board (STAR MARKET), and regression analyses are technological innovation outputs (Intangible assets and Patent) and firm value. It was found that technological innovation output has a negative effect on firm value. This effect is equally applicable to companies of different age of establishment, especially for companies with a shorter period of establishment; the negative effect is more prominent.

Suggested Citation

  • Zichang Liu & Nik Hadiyan Binti Nik Azman, 2025. "The Impact of Technology Innovation Output on Firm Value of Technology Innovation SMEs in China," Business Management and Strategy, Macrothink Institute, vol. 16(1), pages 106-125, June.
    • Handle: RePEc:mth:bmsmti:v:16:y:2025:i:1:p:106-125
    as

    Download full text from publisher

    File URL: https://www.macrothink.org/journal/index.php/bms/article/download/22361/17473
    Download Restriction: no
    File URL: https://www.macrothink.org/journal/index.php/bms/article/view/22361
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    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:mth:bmsmti:v:16:y:2025:i:1:p:106-125. 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: Technical Support Office The email address of this maintainer does not seem to be valid anymore. Please ask Technical Support Office to update the entry or send us the correct address (email available below). General contact details of provider: http://www.macrothink.org/journal/index.php/bms .

    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.