Artikel

Foreign direct investment, access to finance, and innovation activity in Chinese enterprises

A recent, comprehensive database is used to investigate the link between inward foreign direct investment (FDI) and innovation activity in China. The results of the analysis suggest that private and collectively owned firms with foreign capital participation and those with good access to domestic bank loans innovate more than other firms do. Among enterprises not owned by the state, inward FDI at the sectoral level is positively associated with domestic innovative activity only among firms that engage in their own research and development or that have good access to domestic finance. At the sector level the effect of inward FDI into technology transfer is distinguished from the effect on domestic credit opportunities. FDI affecting credit is of little significance for state-owned enterprises and is independent of their access to finance. In contrast, better access to credit is an important channel through which FDI affects the innovation of domestic private and collectively owned enterprises.

Sprache
Englisch

Erschienen in
Journal: The World Bank Economic Review ; ISSN: 0258-6770 ; Volume: 22 ; Year: 2008 ; Issue: 2 ; Pages: 367-382 ; Oxford: Oxford University Press

Klassifikation
Wirtschaft
Innovation and Invention: Processes and Incentives
Multinational Firms; International Business
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Thema
Innovation
Industrielle Forschung
Direktinvestition
Technologietransfer
Verschuldungsrestriktion
China

Ereignis
Geistige Schöpfung
(wer)
Girma, Sourafel
Gong, Yundan
Görg, Holger
Ereignis
Veröffentlichung
(wer)
Oxford University Press
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
(wo)
Oxford
(wann)
2008

DOI
doi:10.1093/wber/lhn009
Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Girma, Sourafel
  • Gong, Yundan
  • Görg, Holger
  • Oxford University Press
  • ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

Entstanden

  • 2008

Ähnliche Objekte (12)