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China's Belt and Road Initiative and Corporate Innovation

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  • Wu, Xi
  • Si, Yanwu

Abstract

This study examines the relation between the Belt and Road Initiative (B&R Initiative) and the different types of firm innovation. We show that the B&R Initiative has a significant positive impact on the technical innovation of firms. The effect of B&R Initiative on the technical innovation mainly occurs in non-state-owned firms and non-high-tech firms. Furthermore, we examine the possible mechanisms through which B&R Initiative affects the innovation of firms, and results show that B&R Initiative affect the technical innovation through market competition and capacity utilization, the above two paths are beneficial to the technical innovation of firms.

Suggested Citation

  • Wu, Xi & Si, Yanwu, 2022. "China's Belt and Road Initiative and Corporate Innovation," Finance Research Letters, Elsevier, vol. 48(C).
    • Handle: RePEc:eee:finlet:v:48:y:2022:i:c:s1544612322002823
    DOI: 10.1016/j.frl.2022.103052
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    References listed on IDEAS

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    Cited by:

    1. Xixi Du & Yi Qin & Chunbo Huang, 2022. "Status and Prospect of Ecological Environment in the Belt and Road Initiative Regions," IJERPH, MDPI, vol. 19(24), pages 1-20, December.
    2. Mingliang Zhao & Yue Gao & Qing Liu & Wei Sun, 2022. "The Impact of Foreign Direct Investment on Urban Green Total Factor Productivity and the Mechanism Test," IJERPH, MDPI, vol. 19(19), pages 1-20, September.

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