IDEAS home Printed from https://ideas.repec.org/a/eee/finana/v95y2024ipbs1057521924003193.html
   My bibliography  Save this article

Financial regulation, financing constraints, and enterprise innovation performance

Author

Listed:
  • Wang, Chenxi
  • Deng, Xincai
  • Wang, Deli
  • Pan, Xingguang

Abstract

This paper aims to examine the impact of stringent financial regulation on corporate research and development (R&D) investment. To this end, it takes the introduction of the New Regulation on Capital Management in 2018 as a quasi-natural experiment and selects the data of China's A-share listed companies from 2014 to 2022 as a sample. Results reveal that the introduction of the New Regulation on Capital Management improves enterprises' innovation performance. The lower the financing constraints for enterprises, the more pronounced is the effect of the New Regulation on Capital Management on the enhancement of their R&D investment.

Suggested Citation

  • Wang, Chenxi & Deng, Xincai & Wang, Deli & Pan, Xingguang, 2024. "Financial regulation, financing constraints, and enterprise innovation performance," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    • Handle: RePEc:eee:finana:v:95:y:2024:i:pb:s1057521924003193
    DOI: 10.1016/j.irfa.2024.103387
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1057521924003193
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.irfa.2024.103387?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finana:v:95:y:2024:i:pb:s1057521924003193. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620166 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.