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Impact of strategic alliances on enterprise investment levels

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  • Zhou, Yan
  • Hu, Tengyin
  • Ren, Yuheng

Abstract

This study selected a sample of listed companies in China from 2012 to 2022 to examine the impact of strategic alliances on enterprise investment levels. Based on the findings, the participation in strategic alliances significantly improved the investment levels of the listed companies, while reducing their financing constraints and enhancing their risk-taking abilities. For the nonstate-owned enterprises, the effect of the participation in strategic alliances on their investment levels was more significant.

Suggested Citation

  • Zhou, Yan & Hu, Tengyin & Ren, Yuheng, 2024. "Impact of strategic alliances on enterprise investment levels," Finance Research Letters, Elsevier, vol. 66(C).
    • Handle: RePEc:eee:finlet:v:66:y:2024:i:c:s1544612324007256
    DOI: 10.1016/j.frl.2024.105695
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