Zi-Hui Bao

The Inhibitory Mechanism of Financial Investment on Technological Innovation and the Moderating Effect of Managerial Behavior

Innovation is the primary factor driving enterprise development. Based on Chinese A-share non-financial listed companies from 2009 to 2022, this paper employs fixed-effect regression models and heterogeneity tests to empirically examine the impact of corporate financialization on technological innovation. We further in...