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Effects of foreign investors on energy firms' innovation: Evidence from a natural experiment in China

Citations

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Cited by:

  1. Yang, Xingquan & Li, Feng & Liu, Ying, 2024. "Industry and regional peer effects on company innovation," Finance Research Letters, Elsevier, vol. 67(PA).
  2. Luo, Yonggen & Wu, Huiying & Ying, Sammy Xiaoyan & Peng, Qiuping, 2022. "Do company visits by institutional investors mitigate managerial myopia in R&D investment? Evidence from China," Global Finance Journal, Elsevier, vol. 51(C).
  3. Xu, Jia & Zeng, Shu & Qi, Shaozhou & Cui, Jingbo, 2023. "Do institutional investors facilitate corporate environmental innovation?," Energy Economics, Elsevier, vol. 117(C).
  4. Chong Wu & Mengyao Yue & Fang Huang & Songqiao Wu, 2024. "Foreign Ownership and State-Owned Enterprises’ Innovation: The Mediating Role of Host Country’s Innovation Level and the Moderating Effect of Government Innovation Subsidies," Sustainability, MDPI, vol. 16(1), pages 1-16, January.
  5. Zhang, Ruixue & Li, Boya, 2024. "Board team faultlines and enterprise innovation investment," Finance Research Letters, Elsevier, vol. 66(C).
  6. Kong, Dongmin & Yang, Yiwei & Wang, Qin, 2023. "Innovative efficiency and firm value: Evidence from China," Finance Research Letters, Elsevier, vol. 52(C).
  7. Ruifeng Hu & Weiqiao Xu, 2022. "Exploring the Technological Changes of Green Agriculture in China: Evidence from Patent Data (1998–2021)," Sustainability, MDPI, vol. 14(17), pages 1-18, August.
  8. Shi, Ruoying & Zhou, Hengyi & Li, Xiangqian & Miao, Xue'er & Zhao, Xing, 2024. "Green finance, investor preferences, and corporate green innovation," Finance Research Letters, Elsevier, vol. 66(C).
  9. Wang, Xuefeng & Liu, Haiyun, 2023. "FDI in services and firm innovation," Finance Research Letters, Elsevier, vol. 56(C).
  10. Hu, Jun & Wu, Huiying & Ying, Sammy Xiaoyan, 2022. "Environmental regulation, market forces, and corporate environmental responsibility: Evidence from the implementation of cleaner production standards in China," Journal of Business Research, Elsevier, vol. 150(C), pages 606-622.
  11. Liu, Xinran & Si, Deng-Kui, 2025. "Does digital inclusive finance promote innovation? Evidence from China," Economic Modelling, Elsevier, vol. 152(C).
  12. Liu, Zhouding, 2024. "Financial flexibility and enterprise entity investment preferences," Finance Research Letters, Elsevier, vol. 66(C).
  13. Li, Hui-Jun & Si, Deng-Kui & Chen, Meng-Long, 2024. "How does macroprudential policy affect the relationship between financial openness and bank risk-taking," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 1820-1839.
  14. Rao, Yonghui & Hu, Zijiang & Sharma, Susan Sunila, 2021. "Do managers hedge disaster risk? Extreme earthquake shock and firm innovations," Pacific-Basin Finance Journal, Elsevier, vol. 70(C).
  15. Wang, Chenxi & Deng, Xincai & Wang, Deli & Pan, Xingguang, 2024. "Financial regulation, financing constraints, and enterprise innovation performance," International Review of Financial Analysis, Elsevier, vol. 95(PB).
  16. Chen, Shu & Ying, Sammy Xiaoyan & Wu, Huiying & You, Jiaxing, 2021. "Carrying on the family's legacy: Male heirs and firm innovation," Journal of Corporate Finance, Elsevier, vol. 69(C).
  17. Fu, Yanyu, 2024. "Enterprises’ internationalization, R&D investment and enterprise performance," Finance Research Letters, Elsevier, vol. 67(PA).
  18. Cui, Ling & Si, Deng-Kui, 2024. "Does RMB exchange rate regime reform decrease corporate risk-taking? Evidence from China," Finance Research Letters, Elsevier, vol. 69(PA).
  19. Liu, Qiong & Xu, Rujun & Tao, Wenli, 2024. "Impact of auditing information technology modernization on corporate technological innovation investment: The roles of risk perception and internal control," Finance Research Letters, Elsevier, vol. 67(PB).
  20. Liangchun Yu & Xinxin Wang, 2025. "Foreign institutional ownership and corporate innovation in emerging economies: Heterogeneity analysis of private enterprises and state-owned relative holding enterprises in China," Journal of Evolutionary Economics, Springer, vol. 35(3), pages 441-470, July.
  21. Wang, Xiaoteng & Zhou, Bole & Li, Xiaoling, 2025. "Qualified foreign institutional investors and corporate ESG performance: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 101(C).
  22. Liu, Chen & Xiong, Mengxu, 2022. "Green finance reform and corporate innovation: Evidence from China✰," Finance Research Letters, Elsevier, vol. 48(C).
  23. Deng, Xiwen & Long, Yuefei, 2024. "Cultural intellectual leadership and breakthrough innovation," Finance Research Letters, Elsevier, vol. 66(C).
  24. Luo, Rui & Chen, Ping & Wang, Yachao, 2024. "Green investment products, consumer behavior, and regional carbon emissions levels," Finance Research Letters, Elsevier, vol. 66(C).
  25. Zhang, Huaqing & Zhang, Xiangjian & Tan, Haoyu & Tu, Yongqian, 2024. "Institutional investors' shareholding, corporate governance, and corporate innovation investment," International Review of Economics & Finance, Elsevier, vol. 96(PB).
  26. Cui, Wenxin & Qiao, Cuixia, 2024. "Customer structure and R&D investment: Based on innovative trait," Finance Research Letters, Elsevier, vol. 66(C).
  27. Abbasi, Kaleemullah & Alam, Ashraful & Goodell, John W. & Du, Anna Min & Brohi, Noor Ahmed, 2025. "Vulnerability of energy firms to climate risk: Does fintech development help?," Energy Economics, Elsevier, vol. 146(C).
  28. Deng, Fukang & Chen, Xiaofang, 2024. "Executive compensation contract effectiveness and firms' green technology innovation structure," Finance Research Letters, Elsevier, vol. 67(PA).
  29. Yichen Wang & Christopher Marquis, 2025. "Does Product Market Competition Promote or Reduce Firms’ Corporate Social Responsibility Behavior? How Stakeholder Attention Shapes Responsiveness to Stakeholders," Journal of Business Ethics, Springer, vol. 200(4), pages 867-896, September.
  30. Zhou, Yan & Hu, Tengyin & Ren, Yuheng, 2024. "Impact of strategic alliances on enterprise investment levels," Finance Research Letters, Elsevier, vol. 66(C).
  31. Duan, Chenghang & Chen, Xinxu, 2024. "The impact mechanism of enterprise financialization on firm innovation," Finance Research Letters, Elsevier, vol. 68(C).
  32. Wang, Nian & Huang, Yue & Liao, Ruiwen, 2025. "Kill two birds with one stone: How to strengthen digital new infrastructure's impacts on urban green innovation – The channel of factor allocation," International Review of Economics & Finance, Elsevier, vol. 98(C).
  33. Jiang, Li & Bai, Yu, 2022. "Strategic or substantive innovation? -The impact of institutional investors' site visits on green innovation evidence from China," Technology in Society, Elsevier, vol. 68(C).
  34. Piao, Zhefan & Miao, Binbin & Zheng, Zihan & Xu, Feng, 2022. "Technological innovation efficiency and its impact factors: An investigation of China's listed energy companies," Energy Economics, Elsevier, vol. 112(C).
  35. Yang, Baochen & Song, Xinyu, 2023. "Does oil price uncertainty matter in firm innovation? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 88(C).
  36. Si, Deng-Kui & Zhou, Fu-You & Li, Xiao-Lin & Kong, Dongmin, 2025. "The effect of financial marketization on the nexus between ESG rating uncertainty and corporate innovation," International Review of Financial Analysis, Elsevier, vol. 106(C).
  37. He, Liying & Ismail, Kamisah, 2024. "ESG information disclosure, industrial policy support, debt financing costs," Finance Research Letters, Elsevier, vol. 66(C).
  38. Qiu, Guojing & Si, Deng-Kui & Hu, Debao & Li, Xinqi, 2023. "Banking deregulation and export product quality," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
  39. Dong, Xiao & Yu, Mingzhe, 2024. "Green bond issuance and green innovation: Evidence from China's energy industry," International Review of Financial Analysis, Elsevier, vol. 94(C).
  40. Chengguo Jin & Dayao Li, 2023. "Study on the impact of R&D input intensity on technological innovation output ‐ Based on data from China’s high technology industry," PLOS ONE, Public Library of Science, vol. 18(10), pages 1-16, October.
  41. Wang, Xin & Ma, Chaoqun & Yao, Zheng, 2024. "The double-edged sword effect of digital capability on green innovation: Evidence from Chinese listed industrial firms," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 321-339.
  42. Liu, Deyu & Wang, Kefan & Liu, Jialin, 2024. "Can social trust foster green innovation?," Finance Research Letters, Elsevier, vol. 66(C).
  43. Li Bo & Shen Zhongping & Tan Chao & Tan Hao Bo & Liu Zhen & Syed Muhammad Muddassir Abbas Naqvi, 2025. "Towards green entrepreneurship: The role of financial openness in driving energy innovation in top carbon emitter economies," Natural Resources Forum, Blackwell Publishing, vol. 49(4), pages 3621-3636, November.
  44. Gao, Wenyu & Zhuang, Xudong & Wu, Yu & Xie, Yanxiang & Hu, Yunchao, 2025. "Foreign investors, agency problems and capital allocation efficiency: From the perspective of QFII shareholding," International Review of Financial Analysis, Elsevier, vol. 105(C).
  45. Yan, Jie & Gu, Xin & Xie, Zongtang, 2024. "CEO cultural and financial backgrounds and corporate innovation," Finance Research Letters, Elsevier, vol. 66(C).
  46. Xu, Hui & Wang, Quanjun, 2024. "Energy regulatory compliance and corporate social responsibility," Finance Research Letters, Elsevier, vol. 67(PB).
  47. Ding, Liping & Zhang, Siyu & Yang, Qian & Zeng, Bo & Zheng, Longwei, 2025. "Analysis of investment and R&D strategies evolution in wind-solar-hydrogen integration projects: A perspective of institutional investor networks," Energy, Elsevier, vol. 335(C).
  48. Tianxing Zhu & Jinyang Liu & Guolong Zhu, 2025. "Technological Progress and Scale Efficiency Changes in China’s Energy Industry: A Comparison of New and Traditional Energy Under the DEA-Malmquist-Tobit Model," Sustainability, MDPI, vol. 17(2), pages 1-23, January.
  49. Lian, Hanyu, 2024. "Financial leasing and enterprise innovation," Finance Research Letters, Elsevier, vol. 66(C).
  50. Qi, Ruijuan & Ma, Guowei & Liu, Chang & Zhang, Qiwen & Wang, Qianyi, 2024. "Enterprise digital transformation and supply chain resilience," Finance Research Letters, Elsevier, vol. 66(C).
  51. Ding, Qiaoying & Du, Jianguo, 2024. "Impact of innovative capacity on agri-environmental efficiency and mechanism research," International Review of Economics & Finance, Elsevier, vol. 94(C).
  52. Wu, Xiaowen & Cheng, Guangbin, 2024. "The performance and stability of financial institutions after digital transformation: The importance of regional policies," Finance Research Letters, Elsevier, vol. 66(C).
  53. Tian, Jinfang & Sun, Siyang & Cao, Wei & Bu, Di & Xue, Rui, 2024. "Make every dollar count: The impact of green credit regulation on corporate green investment efficiency," Energy Economics, Elsevier, vol. 130(C).
  54. Huang, Zhi-xiong & Yang, Xiandong, 2021. "Carbon emissions and firm innovation," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 503-513.
  55. Do, Trung K., 2024. "Foreign ownership and green innovation," Economics Letters, Elsevier, vol. 237(C).
  56. Wu, Shilei & Zhou, Fu-You & Si, Deng-Kui & Hao, Jiawei, 2025. "Does ESG rating policy reduce corporate risk-taking? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
  57. Oleg Sergeevich Sukharev, 2023. "Intellectual Firm: Key Features and Development Models," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1091-1119, June.
  58. Mikhail G. Kuzyk & Liudmila S. Ruzhanskaya, 2024. "Factors of Energy Transition of Manufacturing Companies Regarding their Inclusion in Global Value Chains," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 23(3), pages 642-673.
  59. Wang, Shanshan & Wang, Ying & Li, Qiuyue, 2024. "Impact of mergers and acquisitions on enterprise innovation efficiency: The mediating role of factor endowment," Finance Research Letters, Elsevier, vol. 66(C).
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