SHS Web Conf.
Volume 163, 20232023 8th International Conference on Social Sciences and Economic Development (ICSSED 2023)
|Number of page(s)
|Economic Trade and Financial Investment Analysis
|28 April 2023
An empirical study on the influence of institutional cross-shareholding on the innovation of listed companies
Shanghai Maritime University Finance
Pudong New Area, Shanghai, China
In this paper, we study the impact of cross-shareholdings of listed companies institutions innovation and mechanism of action, and use computer and related technology combined with econometrics, adopt OLS regression analysis and intermediary effect inspection and so on model, based on China’s a-share listed companies from 2007 to 2020 data, cross-shareholdings of listed companies to institutional innovation influence the empirical analysis. It is found that institutional cross-shareholding mainly improves innovation input and output by alleviating financing constraints, and the conclusion is still robust after considering the endogeneity problem.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0 (https://creativecommons.org/licenses/by/4.0/).
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