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The Impact of Commercial Credit on Firm Innovation: Evidence from Chinese A-Share Listed Companies
| Content Provider | MDPI |
|---|---|
| Author | Pierre, Axel Louembé Rathnayake, Dilesha Nawadali Wang, Jingru |
| Copyright Year | 2022 |
| Description | This paper analyses the data on Chinese A-share listed companies from 1996 to 2019, using fixed-effect regression and the double-difference method to systematically examine the impact of commercial credit on enterprise technological innovation. The study found that the acquisition and provision of commercial credit has promoted the number of enterprise technological innovations and significantly improved their quality. In particular, the innovation of highly constrained companies is promoted by financing. Our findings help to solve the obstacles enterprises face in breaking through financing constraints and improving the efficiency and quality of their innovative efforts. The financing system has a significant influence on promoting the sustainable development of innovative enterprises. |
| Starting Page | 1481 |
| e-ISSN | 20711050 |
| DOI | 10.3390/su14031481 |
| Journal | Sustainability |
| Issue Number | 3 |
| Volume Number | 14 |
| Language | English |
| Publisher | MDPI |
| Publisher Date | 2022-01-27 |
| Access Restriction | Open |
| Subject Keyword | Sustainability Information and Library Science Commercial Credit Technological Innovation Sustainable Development China |
| Content Type | Text |
| Resource Type | Article |
