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Rigid debt maturity structure and enterprise innovation

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  • Hao, Yun
  • Wu, Wenzhao

Abstract

This paper selects Chinese A-share listed companies from 2011 to 2021 as a research sample to explore the relationship between rigid debt maturity structure and corporate innovation. It is found that rigid debt maturity structure has a positive impact on corporate innovation; private firms are more significantly promoted by long-maturity, rigid debt maturity structure than state-owned enterprises; the higher the rigid debt dependence, the more the firms' capital needs for technological innovation depend on rigid debt.

Suggested Citation

  • Hao, Yun & Wu, Wenzhao, 2024. "Rigid debt maturity structure and enterprise innovation," Finance Research Letters, Elsevier, vol. 60(C).
    • Handle: RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012953
    DOI: 10.1016/j.frl.2023.104923
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    References listed on IDEAS

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