Economic policy uncertainty, financial asset allocation, and enterprise innovation

被引：0
|
作者：
Chen, Xiaoming [1 ]
Wu, Dan [2 ]
Liu, Qiren [1 ]
Li, Xiaoshan [1 ]
机构：
[1] Guangzhou Univ, Sch Econ & Stat, Guangzhou, Peoples R China
[2] South China Univ Technol, Sch Econ & Finance, Guangzhou, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2025年
关键词：
Economic policy uncertainty; enterprise innovation; financial asset allocation; CASH HOLDINGS;
D O I：
10.1080/13504851.2025.2476753
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article establishes a regression analysis on China A-share listed enterprises with relevant data in 2013-2023, testing the enterprise innovation behaviour in the face of economic policy uncertainty (EPU), and further analysing the mediating role of financial asset allocation in it. The results show that: (1) EPU significantly can promote enterprise innovations; (2) in the face of EPU, liquid financial asset allocation plays a mediating role in increasing enterprise innovation; (3) non-liquid financial asset allocation plays a mediating role in reducing enterprise innovation.
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页数：7
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