Bond Financing, Research and Development Input, and Total Factor Productivity

被引：0
|
作者：
He, Xing [1 ]
Wang, Mancang [2 ]
机构：
[1] Yulin Univ, Sch Management, Yulin 719000, Peoples R China
[2] Xian Eurasia Univ, Sch Finance, Xian 710127, Peoples R China
来源：
DISCRETE DYNAMICS IN NATURE AND SOCIETY | 2021年 / 2021卷
关键词：
GROWTH;
D O I：
10.1155/2021/4243101
中图分类号：
O1 [数学];
学科分类号：
0701 ; 070101 ;
摘要：
From the angle of research and development (R&D) input, this paper analyzes how bond financing affects corporate total factor productivity (TFP). Based on the 2007-2019 data on listed enterprises, the influence and action mechanism of bond financing on corporate TFP were empirically examined. The results show that bond financing significantly boosts corporate TFP. The mechanism analysis reveals that bond financing promotes TFP by stimulating corporate R&D input. The research sheds new light on the relationship between finance and TFP from the perspective of bond financing and provides a reference for policymakers to boost corporate TFP by promoting bond financing.
引用
收藏
页数：6
相关论文
共 50 条
  • [31] The relationship between total factor productivity and environmental quality: A sustainable future with innovation input
    Liang, Chao
    Wang, Qi
    [J]. TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2023, 191
  • [32] EXAMINING THE TOTAL FACTOR PRODUCTIVITY CHANGING PATTERNS IN KAZAKHSTAN: AN INPUT-OUTPUT ANALYSIS
    Yasmin, Tahira
    El Refae, Ghaleb A.
    Eletter, Shorouq
    Kaba, Abdoulaye
    [J]. JOURNAL OF EASTERN EUROPEAN AND CENTRAL ASIAN RESEARCH, 2022, 9 (06): : 938 - 950
  • [33] The financing of research and development
    Hall, BH
    [J]. OXFORD REVIEW OF ECONOMIC POLICY, 2002, 18 (01) : 35 - 51
  • [34] Research on Yichang Road Transportation Evaluation Based on the Total Factor Productivity
    Gong, Xiaorong
    Zhan, Bin
    [J]. MANUFACTURING PROCESS AND EQUIPMENT, PTS 1-4, 2013, 694-697 : 3325 - 3328
  • [35] Research on the impact of circular economy on total factor carbon productivity in China
    Cui, Tiening
    Zhang, Yang
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2022, 29 (52) : 78780 - 78794
  • [36] Research on Environmental Total Factor Productivity Growth of China's Industry
    Guo, Lili
    Yuan, Yijun
    Xie, Ronghui
    [J]. INTERNATIONAL CONFERENCE ON EDUCATION & EDUCATIONAL RESEARCH AND ENVIRONMENTAL STUDIES (EERES 2016), 2016, : 111 - 114
  • [37] Research on the Spatial Spillover Effect of Transportation Infrastructure on Total Factor Productivity
    Bao, Xuhang
    [J]. PROCEEDINGS OF THE 2019 5TH INTERNATIONAL CONFERENCE ON SOCIAL SCIENCE AND HIGHER EDUCATION (ICSSHE 2019), 2019, 336 : 36 - 42
  • [38] Dynamic Research on Total Factor Productivity of China's Ocean Economy
    Zhang, Yan
    [J]. JOURNAL OF COASTAL RESEARCH, 2019, : 227 - 230
  • [39] Research on the Relationship among the Total Factor Productivity of Three Industries in China
    Wang, Lihui
    [J]. PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON EDUCATION, MANAGEMENT AND INFORMATION TECHNOLOGY, 2015, 35 : 841 - 844
  • [40] Marketization, Financialization and Total Factor Productivity: Research Based on Unbalanced Perspective
    Chen Dehu
    Chen Hongling
    [J]. PROCEEDINGS OF THE 10TH (2018) INTERNATIONAL CONFERENCE ON FINANCIAL RISK AND CORPORATE FINANCE MANAGEMENT (FRCFM), 2018, : 210 - 215
12345