International Sanctions and Innovation : Empirical Evidence from China's A-Share Listed Companies

被引：3
|
作者：
Wen, Jun [1 ]
Wang, Siqin [1 ]
Yang, Shaohua [1 ]
Chen, Xia [2 ]
机构：
[1] Xi An Jiao Tong Univ, Sch Econ & Finance, Xian, Shaanxi, Peoples R China
[2] Changsha Univ Sci & Technol, Sch Econ & Management, 45 Chiling Rd, Changsha, Hunan, Peoples R China
来源：
EMERGING MARKETS FINANCE AND TRADE | 2024年 / 60卷 / 02期
基金：
中国国家自然科学基金;
关键词：
International sanctions; enterprise technological innovation; financing constraint; RESEARCH-AND-DEVELOPMENT; US ECONOMIC SANCTIONS; CORPORATE GOVERNANCE; GREEN INNOVATION; TRADE; IMPACT;
D O I：
10.1080/1540496X.2023.2218519
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Based on data from A-share listed companies in China from 1990 to 2018, this research explores the impact of international sanctions on enterprise technological innovation and their mechanism. Findings demonstrate that international sanctions have a significant inhibitory impact on enterprise technological innovation and are still valid after several robustness tests and endogeneity treatments. Analysis of heterogeneous enterprises presents that the inhibitory effect is mitigated in state-owned enterprises (SOEs) and monopoly industry enterprises, but intensifies in high-tech enterprises. Further mechanism analysis notes that the inhibitory effect is partly transmitted by weakening the internal and external financing capacities of companies.
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页码：263 / 281
页数：19
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