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.
- Language
-
Englisch
- Bibliographic citation
-
Journal: The World Bank Economic Review ; ISSN: 0258-6770 ; Volume: 22 ; Year: 2008 ; Issue: 2 ; Pages: 367-382 ; Oxford: Oxford University Press
- Classification
-
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
- Subject
-
Innovation
Industrielle Forschung
Direktinvestition
Technologietransfer
Verschuldungsrestriktion
China
- Event
-
Geistige Schöpfung
- (who)
-
Girma, Sourafel
Gong, Yundan
Görg, Holger
- Event
-
Veröffentlichung
- (who)
-
Oxford University Press
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (where)
-
Oxford
- (when)
-
2008
- DOI
-
doi:10.1093/wber/lhn009
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Girma, Sourafel
- Gong, Yundan
- Görg, Holger
- Oxford University Press
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Time of origin
- 2008
Other Objects (12)
Foreign direct investment, access to finance, and innovation activity in Chinese enterprises
Foreign direct investment, access to finance, and innovation activity in Chinese enterprises
Multinationales as stabilizers? Economic crisis, access to finance, and employment growth
Drivers and extent of foreign direct investment in Sub-Sahara Africa
Fancy a stay at the Hotel California? Foreign direct investment, taxation and firing costs
Fancy a stay at the Hotel California? Foreign direct investment, taxation and exit costs
Fancy a stay at the 'Hotel California'? Foreign direct investment, taxation and firing costs
Vertical integration and supplier finance
Vertical Integration and Supplier Finance
Foreign direct investment, competition and industry performance
Reflections on Irish industrial policy towards foreign direct investment
Does the belt and road initiative stimulate Chinese exports? The role of state-owned enterprises
Foreign direct investment, access to finance, and innovation activity in Chinese enterprises
Foreign direct investment, access to finance, and innovation activity in Chinese enterprises
Multinationales as stabilizers? Economic crisis, access to finance, and employment growth
Drivers and extent of foreign direct investment in Sub-Sahara Africa
Fancy a stay at the Hotel California? Foreign direct investment, taxation and firing costs
Fancy a stay at the Hotel California? Foreign direct investment, taxation and exit costs
Fancy a stay at the 'Hotel California'? Foreign direct investment, taxation and firing costs
Vertical integration and supplier finance
Vertical Integration and Supplier Finance
Foreign direct investment, competition and industry performance
Reflections on Irish industrial policy towards foreign direct investment
Does the belt and road initiative stimulate Chinese exports? The role of state-owned enterprises
Foreign direct investment, access to finance, and innovation activity in Chinese enterprises
Foreign direct investment, access to finance, and innovation activity in Chinese enterprises
Multinationales as stabilizers? Economic crisis, access to finance, and employment growth
Drivers and extent of foreign direct investment in Sub-Sahara Africa
Fancy a stay at the Hotel California? Foreign direct investment, taxation and firing costs
Fancy a stay at the Hotel California? Foreign direct investment, taxation and exit costs
Fancy a stay at the 'Hotel California'? Foreign direct investment, taxation and firing costs
Vertical integration and supplier finance
Vertical Integration and Supplier Finance
Foreign direct investment, competition and industry performance
Reflections on Irish industrial policy towards foreign direct investment