The impact of venture capital on the development of medical and healthcare industry: Empirical analysis of Chinese A-share pharmaceutical companies

被引：1

作者：

Li, Xiuzhen ^{[1
]}

Sun, Yuchen ^{[2
]}

Long, Zhi ^{[3
]}

Wang, Qian ^{[3
]}

机构：

[1] Shanghai Normal Univ, Sch Finance & Business, Shanghai 200233, Peoples R China

[2] Hubei Univ, Business Sch, Wuhan 430062, Peoples R China

[3] Shanghai Jiao Tong Univ, Shanghai Gen Hosp, Pediat Dept, Sch Med, Shanghai 201600, Peoples R China

来源：

PACIFIC-BASIN FINANCE JOURNAL | 2024年 / 85卷

关键词：

Venture capital; Healthcare industry; Pharmaceutical companies;

D O I：

10.1016/j.pacfin.2024.102366

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

In this paper we explore the impact of venture capital on the development of China's healthcare industry by using data from China's A-share listed pharmaceutical companies from 2012 to 2022. The study empirically examines the impact of venture capital on the healthcare industry and its specific mechanism using a mediation effect model. We find that venture capital will further promote healthcare industry development through corporate research and development innovation and the clustering effect of venture capital. This contributes to the literature the research on venture capital and the medical and healthcare industries because it is an empirical study and it examines A-share pharmaceutical enterprises. Our findings are robust and assist and in promoting healthcare innovation by enhancing their scientific and technological innovation and the radiation effect. The robustness test further confirmed the role of venture capital in enhancing the medical and health industries.

引用

页数：11

共 50 条

[1] The impact of digitalization on corporate ESG performance: an empirical analysis of Chinese A-Share listed companies
Pan, Guochen
Jing, Qiaoling
APPLIED ECONOMICS LETTERS, 2024,
[2] Empirical Analysis of Industry Growth and Profitability of Listed Companies of A-share in Shanghai Stock Market
Ma Huimin
STATISTIC APPLICATION IN SCIENTIFIC AND SOCIAL REFORMATION, 2010, : 509 - 515
[3] Empirical Analysis of Industry Growth and Profitability of Listed Companies of A-Share in Shanghai Stock Market
Ma, Huimin
Maryott, Kiersten M.
INTERNATIONAL CONFERENCE ON SOCIAL SCIENCE AND MANAGEMENT (ICSSM 2014), 2014, : 195 - 201
[4] The Influence of ESG Performance on Corporate Value: An Empirical Analysis of Chinese A-Share Listed Sports Companies
Yi, Wenyu
Yang, Qian
SAGE OPEN, 2024, 14 (02):
[5] The Effects of Financing Channels on Enterprise Innovation and Life Cycle in Chinese A-Share Listed Companies: An Empirical Analysis
Ling, Shixian
Han, Guosheng
An, Dong
Akhmedov, Armigon
Wang, Hui
Li, Hui
Hunter, William Cannon
SUSTAINABILITY, 2020, 12 (17)
[6] Analysis on the influence of innovation factors on the digital transformation of Chinese manufacturing enterprises: empirical evidence from A-share listed companies in manufacturing industry
Dai, Jianhua
Xu, Shuanglei
INTERNATIONAL JOURNAL OF TECHNOLOGY MANAGEMENT, 2025, 97 (2-3)
[7] The Relationship between the Political Connections and Green Innovation Development of Chinese Enterprises-Empirical Analysis Based on Panel Data of Chinese A-Share Listed Companies
Yang, Qingyuan
Xu, Shaorong
SUSTAINABILITY, 2022, 14 (20)
[8] Does the limelight foster the green transition of listed industrial companies? An empirical analysis from Chinese A-share market
Yin, Wei
Su, Yang
Zhu, Zheyi
HELIYON, 2024, 10 (11)
[9] The Impact of Managerial Compensation on Overconfidence: Based on Empirical Evidence of the Shenzhen A-share Listed Companies
Liu, Shengqiang
PROCEEDINGS OF THE 2015 INTERNATIONAL CONFERENCE ON INDUSTRIAL TECHNOLOGY AND MANAGEMENT SCIENCE (ITMS 2015), 2015, 34 : 401 - 404
[10] Controlling Shareholder Pledges and Cost of Equity Capital: Analyzing Empirical Evidence from A-Share Listed Companies
Guo, Cheng
Rong, Huang
Yang, Zhaiting
Sindakis, Stavros
Aggarwal, Sakshi
JOURNAL OF THE KNOWLEDGE ECONOMY, 2024, 15 (02) : 5914 - 5938

← 1 2 3 4 5 →