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Do foreign institutional investors enhance firm innovation in China?
Zhuo Qiao1; Zhaohua Li2
2019-07-29
Source PublicationApplied Economics Letters
ABS Journal Level1
ISSN14664291 13504851
Volume26Issue:13Pages:1125-1128
Abstract

This paper investigates the impact of the Qualified Foreign Institutional Investor (QFII) scheme regulated by the Chinese government on firm innovation in China. By explicitly addressing the potential endogenous relationship between foreign institutional ownership and firm innovation, we find that foreign institutional investors enhance firm innovation in China, suggesting that the Chinese government should further relax its foreign capital investment control, for example, increase the quota of the QFII scheme.

KeywordForeign Institutional Investors Innovation Instrumental Variable Patent
DOI10.1080/13504851.2018.1540831
URLView the original
Language英語English
Scopus ID2-s2.0-85055747998
Fulltext Access
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Document TypeJournal article
CollectionUniversity of Macau
Corresponding AuthorZhaohua Li
Affiliation1.Faculty of Business Administration,University of Macau,,Macao
2.Faculty of Agribusiness and Commerce,Lincoln University,,Churchcity,New Zealand
First Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Zhuo Qiao,Zhaohua Li. Do foreign institutional investors enhance firm innovation in China?[J]. Applied Economics Letters, 2019, 26(13), 1125-1128.
APA Zhuo Qiao., & Zhaohua Li (2019). Do foreign institutional investors enhance firm innovation in China?. Applied Economics Letters, 26(13), 1125-1128.
MLA Zhuo Qiao,et al."Do foreign institutional investors enhance firm innovation in China?".Applied Economics Letters 26.13(2019):1125-1128.
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