scholarly journals How Do Auditors Respond to Corporate Innovation Activities <br/>—Evidence from Chinese Listed Companies

2020 ◽  
Vol 10 (01) ◽  
pp. 167-190
Author(s):  
Li Wang
Keyword(s):  
Listed Companies ◽  
Innovation Activities ◽  
Corporate Innovation ◽  
Chinese Listed Companies

scholarly journals Customer Concentration and Corporate Innovation: Effects of Financing Constraints and Managers’ Expectation of Chinese Listed Companies

2019 ◽  
Vol 11 (10) ◽  
pp. 2859 ◽  
Author(s):  
Bing Zhou ◽  
Yumeng Li ◽  
Shengzhong Huang ◽  
Sidai Guo ◽  
Bing Xue
Keyword(s):  
Fixed Effects ◽  
Threshold Model ◽  
Threshold Effect ◽  
Listed Companies ◽  
Financing Constraints ◽  
Innovation Capability ◽  
Corporate Innovation ◽  
Chinese Listed Companies ◽  
The Relationship ◽  
Double Threshold

Innovation capability of enterprises will greatly influence the current and future development of companies. This paper investigates the relationship between customer concentration and innovation capability of enterprises through the view of both the financing constraints and the expectation of managers. Based on the data of China’s A-share listed companies over the period from 2012 to 2016, several methods including system GMM, threshold model of fixed effects, and PSM are applied for empirical analysis. The results show that the innovation capability of listed companies in China are negatively correlated with the customer concentration. Higher customer concentration brings about stronger constraints from large customers on enterprises and greater dependence of enterprises on large customers, which result in weaker demand for innovation and lower investment in innovation. Meanwhile, the results demonstrate the double-threshold effect of financing constraints. The effect of customer concentration on innovation can be different in companies with low, medium, or high-financing constraints. Furthermore, optimistic expectations are more conducive to the reduction of customer concentration and the improvement of innovation. In addition, based on the perspective of the manager’s expectation, the research demonstrates the heterogeneous impact of manager’s expectation on the relationship between customer concentration and innovation capability.

scholarly journals Investor Attention and Corporate Innovation Performance: Evidence from Web Search Volume Index of Chinese Listed Companies

Mathematics ◽  
2021 ◽  
Vol 9 (9) ◽  
pp. 930
Author(s):  
Nian Li ◽  
Chunling Li ◽  
Runsen Yuan ◽  
Muhammad Asif Khan ◽  
Xiaoran Sun ◽  
...  
Keyword(s):  
Economic Development ◽  
Information Asymmetry ◽  
Listed Companies ◽  
Agency Cost ◽  
Innovation Performance ◽  
Volume Index ◽  
Investor Attention ◽  
Search Volume ◽  
Corporate Innovation ◽  
Chinese Listed Companies

Leveraging from the online search index of Chinese listed companies from 2012 to 2018, we empirically test the relationship between investors’ attention and corporate innovation performance for the first time. The main results are as follows: (1) investors’ attention significantly improves listed companies’ innovation performance, which is reflected in the increase of patent applications. This indicates that investors’ active information collection behaviour affects China’s economic development by promoting enterprise innovation. (2) This paper’s conclusion remains intact after a battery of robustness checks, such as alternative measures of key variables and empirical specifications and a series of endogenous treatment. (3) The mechanisms tests show that: “information asymmetry”, “financing constraint”, and “agency cost” are supported. In other words, with the increase of investors’ attention, not only the information asymmetry is reduced, which greatly improved the information environment of the capital market, but also the external financing constraints of enterprises are alleviated. The opportunistic management behaviour is effectively suppressed, thus motivating the corporate innovation incentives and improving the corporate innovation of input, output and quality. (4) Further research shows that investor attention to listed companies also improves the efficiency of capital allocation. This paper’s conclusion shows that investors’ initiative information acquisition behaviour can improve enterprises innovation performance, thus providing a driving force for China’s economic development.

The research on the relationship between corporate innovation, enforcement and board characteristics on the background of artificial intelligence–taking chinese listed companies as an example

2021 ◽  
Vol 40 (4) ◽  
pp. 8587-8599
Author(s):  
Wang Rui ◽  
Gu Qiuyang ◽  
Yang Zhijiao
Keyword(s):  
Artificial Intelligence ◽  
Listed Companies ◽  
Research Literature ◽  
Stock Exchanges ◽  
Moderator Effect ◽  
Board Characteristics ◽  
Corporate Innovation ◽  
Chinese Listed Companies ◽  
Innovation Ability ◽  
The Relationship

In this era of artificial intelligence and information, the transformation and upgrading of enterprises plays a crucial role in their development. This study analyzes the regulatory penalties of listed companies published by the Shenzhen and Shanghai stock exchanges from 1996 to 2017, and explores the relationship between the number of enforcements of these companies and their innovation ability. Existing research literature confirms that board characteristics, including the gender of the CEO and whether the CEO has an overseas background, will have a significant impact on the company’s ability to innovate and the likelihood of corporate penalties. Therefore, this study selects the two moderator variables of the chairman’s gender and whether the chairman has overseas study background. This study uses the To bit model and establishes three hypotheses to verify whether the company’s ability to innovate can significantly affect the number of times they are enforced, whether the chairman’s gender and whether the chairman’s overseas background will have a moderator effect on this relationship. The analysis results confirm these three assumptions.

scholarly journals Environmental Protection Investment and Enterprise Innovation: Evidence from Chinese Listed Companies

2021 ◽  
Author(s):  
Xinfeng Jiang ◽  
Ahsan Akbar ◽  
Eglantina Hysa ◽  
Minhas Akbar
Keyword(s):  
Environmental Protection ◽  
Crowding Out ◽  
Chinese Enterprises ◽  
Corporate Managers ◽  
Listed Firms ◽  
Innovation Activities ◽  
Corporate Innovation ◽  
Chinese Listed Companies ◽  
Enterprise Innovation ◽  
The Government

Abstract China has emerged as the world’s second-largest economy due to its rapid industrial expansion and phenomenal economic growth in recent decades. Though, this exponential economic turnaround has been fueled by widespread energy consumption, making China among the largest pollutant emitters in the world. Chinese enterprises have come under greater scrutiny and the government has mandated Chinese companies to undertake environmental protection investment. However, little is known that how these mandatory environmental investments affect Chinese firms’ ability to undertake R&D expenditures. This study employs data of China’s A-share listed firms during 2008-2016 to examine the nexus between environmental protection investment and corporate innovation. Our findings conjecture the crowding-out effects of environmental investments on enterprise innovation-related expenditures. Furthermore, additional empirical testing reveals that R&D undertakings of state-owned and politically connected firms are not affected by environmental investments. Likewise, corporate innovation activities are not negatively influenced by environmental investments in polluting industries. The study findings offer fresh insights to regulators, corporate managers, and stakeholders. Our results are robust to alternate econometric specifications and alternate variable specifications.

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