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Research on the Impact of Foreign Direct Investment on the Growth Performance of Enterprises

In: Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)

Author

Listed:
  • Can Peng

    (Nanjing University of Aeronautics and Astronautics, College of Economics and Management)

  • Jiayi Yin

    (Nanjing University of Aeronautics and Astronautics, College of Economics and Management)

Abstract

Based on the perspectives of foreign direct investment and dual innovation theory, this study empirically investigates the impact of foreign direct investment on the growth performance of high-tech listed companies in Shanghai and Shenzhen from 2011 to 2020. The mediating effect of dual innovation capability between foreign direct investment and corporate growth performance is analyzed, and whether network centrality has a moderating effect on the relationship between foreign direct investment and corporate growth performance is explored. The empirical results show that: (1) Foreign direct investment has a positive impact on the growth performance of enterprises; (2) Dual innovation capability plays a mediating role between FDI and growth performance, while applied innovation capability and exploratory innovation capability play a partial mediating role between them; (3) Network centrality plays a positive moderating role in the relationship between foreign direct investment and corporate growth performance. This article proposes that high-tech enterprises should actively introduce foreign investment, enhance dual innovation capabilities.

Suggested Citation

  • Can Peng & Jiayi Yin, 2024. "Research on the Impact of Foreign Direct Investment on the Growth Performance of Enterprises," Advances in Economics, Business and Management Research, in: Kun Zhang & Hang Luo & Hongbo Li & Azlina Binti Md Yassin (ed.), Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024), pages 195-212, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-548-5_23
    DOI: 10.2991/978-94-6463-548-5_23
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