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Can the Double‐Pillar Regulation Drive Enterprise Innovation?

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  • Bing Ma

Abstract

This paper explores the effect of the Double‐pillar regulation on promoting enterprise innovation and its influencing mechanism. Based on the panel data of A‐share listed nonfinancial enterprises in China from 2010 to 2019, this paper empirically examines the driving effect of the Double‐pillar regulation on enterprise innovation and its influencing mechanism. The empirical results demonstrate that the Double‐pillar regulation can promote enterprise innovation, and there is significant regional heterogeneity. The Double‐pillar regulation has a stronger driving effect on the innovation of state‐owned enterprises. The Double‐pillar regulation can effectively reduce the financialization of enterprises, thus boosting enterprise innovation. The degree of financing constraint and the improvement of enterprise risk‐taking level will enhance the driving effect of the double‐pillar regulation on enterprise innovation. The research of this paper promotes the understanding of the effect, mechanism, and regional differences of enterprise innovation under the Double‐pillar regulation. Meanwhile, it also examines the necessity of building the Double‐pillar regulation framework.

Suggested Citation

  • Bing Ma, 2022. "Can the Double‐Pillar Regulation Drive Enterprise Innovation?," Journal of Mathematics, John Wiley & Sons, vol. 2022(1).
    • Handle: RePEc:wly:jjmath:v:2022:y:2022:i:1:n:7329552
    DOI: 10.1155/2022/7329552
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    References listed on IDEAS

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