Is there a moderate range of impact of financialization on corporate R&D?

How to promote corporate research and development is a particularly important issue under the background of the economy being diverted out of the real economy. By selecting samples of 1221 Chinese A-share non-financial listed companies from 2010 to 2019, this paper examines the impact of financializ...

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Autores principales:	Zhenghui Li, Yan Wang
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/82b165ff927d48318987cce19b772f92
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spelling	oai:doaj.org-article:82b165ff927d48318987cce19b772f922021-12-02T20:15:45ZIs there a moderate range of impact of financialization on corporate R&D?1932-620310.1371/journal.pone.0253380https://doaj.org/article/82b165ff927d48318987cce19b772f922021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0253380https://doaj.org/toc/1932-6203How to promote corporate research and development is a particularly important issue under the background of the economy being diverted out of the real economy. By selecting samples of 1221 Chinese A-share non-financial listed companies from 2010 to 2019, this paper examines the impact of financialization on research and development through the panel threshold regression model. Then, the moderate range of the impact of financialization on corporate research and development is measured, as well as their heterogeneity is also analyzed. The research shows the following results: first, there is a dynamic relationship and moderate range between financialization and corporate research and development. Financialization has a positive effect on corporate research and development when the level of financialization exceeds 0.4748. Secondly, from further heterogeneous research, financialization has a threshold effect on research and development among enterprises with a high level of research and development. In addition, there is a promoting effect on corporate research and development only when their financialization level exceeds 0.0097 in enterprises with a high level of research and development. Therefore, in order to promote corporate research and development, financialization of non-financial enterprises should make adjustment and regulation according to the action and direction of moderate range.Zhenghui LiYan WangPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 6, p e0253380 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Zhenghui Li Yan Wang Is there a moderate range of impact of financialization on corporate R&D?
description	How to promote corporate research and development is a particularly important issue under the background of the economy being diverted out of the real economy. By selecting samples of 1221 Chinese A-share non-financial listed companies from 2010 to 2019, this paper examines the impact of financialization on research and development through the panel threshold regression model. Then, the moderate range of the impact of financialization on corporate research and development is measured, as well as their heterogeneity is also analyzed. The research shows the following results: first, there is a dynamic relationship and moderate range between financialization and corporate research and development. Financialization has a positive effect on corporate research and development when the level of financialization exceeds 0.4748. Secondly, from further heterogeneous research, financialization has a threshold effect on research and development among enterprises with a high level of research and development. In addition, there is a promoting effect on corporate research and development only when their financialization level exceeds 0.0097 in enterprises with a high level of research and development. Therefore, in order to promote corporate research and development, financialization of non-financial enterprises should make adjustment and regulation according to the action and direction of moderate range.
format	article
author	Zhenghui Li Yan Wang
author_facet	Zhenghui Li Yan Wang
author_sort	Zhenghui Li
title	Is there a moderate range of impact of financialization on corporate R&D?
title_short	Is there a moderate range of impact of financialization on corporate R&D?
title_full	Is there a moderate range of impact of financialization on corporate R&D?
title_fullStr	Is there a moderate range of impact of financialization on corporate R&D?
title_full_unstemmed	Is there a moderate range of impact of financialization on corporate R&D?
title_sort	is there a moderate range of impact of financialization on corporate r&d?
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/82b165ff927d48318987cce19b772f92
work_keys_str_mv	AT zhenghuili isthereamoderaterangeofimpactoffinancializationoncorporaterd AT yanwang isthereamoderaterangeofimpactoffinancializationoncorporaterd
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Is there a moderate range of impact of financialization on corporate R&D?

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