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Belt and Road Initiative: Driving innovation in tech enterprises through global value chains

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  • Dai, Wensheng

Abstract

Utilizing a dataset of Chinese technology-listed companies spanning from 2008 to 2022, this research investigates the influence of the "Belt and Road" initiative on technological innovation performance. The results disclose a significant positive association between the "Belt and Road" initiative and enterprise innovation outputs. Further examination indicates that the global value chain acts as a crucial mediator in the connection between the "Belt and Road" initiative and enterprise innovation efficiency. Moreover, the heterogeneity analysis reveals a remarkable difference in the way the "Belt and Road" initiative impacts the innovation effectiveness of state-owned and non-state-owned enterprises.

Suggested Citation

  • Dai, Wensheng, 2025. "Belt and Road Initiative: Driving innovation in tech enterprises through global value chains," Finance Research Letters, Elsevier, vol. 74(C).
    • Handle: RePEc:eee:finlet:v:74:y:2025:i:c:s1544612325000613
    DOI: 10.1016/j.frl.2025.106796
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