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.
引用
收藏
页数：7
相关论文
共 50 条
  • [41] Economic policy uncertainty, bank loan, and corporate innovation
    Tian, Jing
    Li, Haiwei
    You, Pin
    PACIFIC-BASIN FINANCE JOURNAL, 2022, 76
  • [42] Is the Uncertainty Economic Policy an Impediment or an Impetus to Technological Innovation?
    Su, Chi Wei
    Liu, Xiaofeng
    Qin, Meng
    Umar, Muhammad
    EMERGING MARKETS FINANCE AND TRADE, 2024, 60 (11) : 2579 - 2593
  • [43] An Assessment of the Impact of Natural Resource Price and Global Economic Policy Uncertainty on Financial Asset Performance: Evidence From Bitcoin
    Dai, Maoyu
    Qamruzzaman, Md.
    Hamadelneel Adow, Anass
    FRONTIERS IN ENVIRONMENTAL SCIENCE, 2022, 10
  • [44] Election uncertainty, economic policy uncertainty and financial market uncertainty: A prediction market analysis
    Goodell, John W.
    McGee, Richard J.
    McGroarty, Frank
    JOURNAL OF BANKING & FINANCE, 2020, 110
  • [45] Asset Allocation under Extreme Uncertainty
    Farrell, James L., Jr.
    JOURNAL OF PORTFOLIO MANAGEMENT, 2011, 37 (02): : 72 - 82
  • [46] Economic policy uncertainty, financial development, and financial constraints: Evidence from China
    Ma, Huanyu
    Hao, Dapeng
    INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2022, 79 : 368 - 386
  • [47] Art as a Financial Asset in Portfolio Allocation
    Barro, Diana
    Basso, Antonella
    Funari, Stefania
    Visentin, Guglielmo Alessandro
    MATHEMATICAL AND STATISTICAL METHODS FOR ACTUARIAL SCIENCES AND FINANCE, MAF2024, 2024, : 37 - 42
  • [48] Do green technological innovation, financial development, economic policy uncertainty, and institutional quality matter for environmental sustainability?
    Ali, Kishwar
    Jianguo Du
    Kirikkaleli, Dervis
    Olah, Judit
    Altuntas, Mehmet
    ALL EARTH, 2023, 35 (01): : 82 - 101
  • [49] Economic policy uncertainty and debt allocation within business groups
    Cao, Yuqiang
    Li, Chenglin
    Liu, Xinghe
    Lu, Meiting
    Shan, Yaowen
    ECONOMIC MODELLING, 2022, 116
  • [50] Financial leasing and enterprise innovation
    Lian, Hanyu
    FINANCE RESEARCH LETTERS, 2024, 66
12345