Impact of strategic alliances on enterprise investment levels

被引：0

作者：

Zhou, Yan ^{[1
,2
]}

Hu, Tengyin ^{[3
]}

Ren, Yuheng ^{[4
,5
]}

机构：

[1] Chongqing Coll Finance & Econ, Chongqing 402160, Peoples R China

[2] UCSI Univ, UCSI Grad Business Sch, Kuala Lumpur, Malaysia

[3] Heilongjiang Univ, Coll Econ & Management, Harbin 150000, Heilongjiang, Peoples R China

[4] Xiamen Kunlu loT Informat Technol Co Ltd, Xiamen 361021, Fujian, Peoples R China

[5] European Union Univ, 1820VD, Montreux, Switzerland

来源：

FINANCE RESEARCH LETTERS | 2024年 / 66卷

关键词：

Strategic alliance; Enterprise investment level; Risk-taking; Financing constraints;

D O I：

10.1016/j.frl.2024.105695

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study selected a sample of listed companies in China from 2012 to 2022 to examine the impact of strategic alliances on enterprise investment levels. Based on the findings, the participation in strategic alliances significantly improved the investment levels of the listed companies, while reducing their financing constraints and enhancing their risk-taking abilities. For the nonstate-owned enterprises, the effect of the participation in strategic alliances on their investment levels was more significant.

引用

页数：7

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