Financial development and the impact of FDI on firm innovation: Evidence from bank deregulation in China

被引：0
|
作者：
Ma, Yeqing [1 ]
Ni, Yining [1 ]
Meng, Ning [1 ,2 ]
机构：
[1] Nanjing Univ, Business Sch, Nanjing, Peoples R China
[2] CESifo, Munich, Germany
来源：
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2024年 / 94卷
基金：
中国国家自然科学基金;
关键词：
Financial development; Bank deregulation; FDI; Firm innovation; Absorptive capacity; FOREIGN DIRECT-INVESTMENT; ABSORPTIVE-CAPACITY; ECONOMIC-GROWTH; DOMESTIC FIRMS; FRONTIER TECHNOLOGY; COMPETITION; SPILLOVERS; PRODUCTIVITY; ADOPTION; SIZE;
D O I：
10.1016/j.iref.2024.103390
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study investigates the role of financial development in shaping the relationship between FDI and firm innovation, based on Chinese firm -level dataset during 2008 -2014. Our findings reveal that bank deregulation significantly enhances the positive effect of FDI on firm innovation. We also find that firms with greater absorptive capacity exhibit a more pronounced response to FDI while the absorptive capacity is enhanced by bank deregulation. These results underscore the importance of considering financial market conditions and highlight the role of absorptive capacity as a crucial channel through which bank deregulation influences the effect of FDI on firm innovation.
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页数：22
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