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New Quality Productive Forces and Corporate Value Creation: A Mediation Analysis Based on Technological Innovation

Author

Listed:
  • Xianlu Wang

    (Qingdao University of Technology)

  • Rui Wang

    (Qingdao University of Technology)

  • Ruijie Ma

    (Qingdao University of Technology)

Abstract

This study examines the impact of new quality productive forces (NPRO) on corporate value and its underlying mechanisms using a sample of all A-share listed companies from 2015 to 2024. The results show that NPRO significantly and positively influences corporate value, a conclusion that remains robust across various tests. Mechanism analysis reveals that technological innovation plays a mediating role in this relationship. Furthermore, heterogeneity analysis indicates that the value-enhancing effect of NPRO is more pronounced among firms in high-tech and highly competitive industries. This paper provides micro-level empirical evidence of the economic consequences of NPRO, offering valuable insights for governments to formulate differentiated policies and for enterprises to pursue high-quality development.

Suggested Citation

  • Xianlu Wang & Rui Wang & Ruijie Ma, 2026. "New Quality Productive Forces and Corporate Value Creation: A Mediation Analysis Based on Technological Innovation," Advances in Economics, Business and Management Research,, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6239-699-9_5
    DOI: 10.2991/978-94-6239-699-9_5
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