Impact of R&D innovation and political background on corporate growth: A study based on private listed companies in China

被引：0
|
作者：
Kong, Xiangde [1 ]
Chen, Hongan [1 ]
Wu, Peng [2 ]
Ma, Ran [3 ]
Pan, Fei [4 ]
机构：
[1] East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China
[2] Yangzhou Univ, Sch Business, Yangzhou, Jiangsu, Peoples R China
[3] Shandong Univ Polit Sci & Law, Civil & Commercial Law Sch, Jinan, Shandong, Peoples R China
[4] Univ Shanghai Sci & Technol, Sch Business, Shanghai, Peoples R China
来源：
PLOS ONE | 2024年 / 19卷 / 05期
基金：
中国国家自然科学基金;
关键词：
FIRM GROWTH; ECONOMIC-GROWTH; CONNECTIONS; AGE; CONSTRAINTS; PERFORMANCE; KNOWLEDGE; VARIABLES; STRATEGY; MODELS;
D O I：
10.1371/journal.pone.0297329
中图分类号：
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号：
07 ; 0710 ; 09 ;
摘要：
Based on a review of related concepts and theories this study investigates the different impacts of research and development (R&D) innovation and political background on corporate growth in a particular context. Unlike other studies, we integrate these two factors. We empirically analyze 6079 sets of data from 1292 A-share private manufacturing enterprises in Shanghai and Shenzhen from 2012 to 2019. The results show that these factors directly impact corporate growth and have heterogeneous effects at different enterprise growth levels. We find the effect of R&D innovation on corporate growth is more pronounced for young firms. These findings highlight the need for firms to adjust their investments in R&D innovation and political backgrounds at different stages of development to adapt to different markets and political environments.
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页数：25
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