Effects of Pandemics on Corporate Innovation: Evidence From the Chinese Firms

This paper examines the effects of the pandemics-related uncertainty on corporate innovation in Chinese firms. For this purpose, the recent uncertainty measure of pandemics, the Pandemics Discussion Index (PDI), is used. The findings from the fixed-effects estimations show the negative impact of the...

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Autores principales:	Ci Zhang, Yilin Hu, Leping Huang, Yajie Huang
Formato:	article
Lenguaje:	EN
Publicado:	Frontiers Media S.A. 2021
Materias:	COVID-19 pandemic post-COVID-19 era pandemics discussion index corporate innovation Chinese firms Blundell-Bond estimations Public aspects of medicine RA1-1270
Acceso en línea:	https://doaj.org/article/abc17eed64044a24ac62b23b56d9a11e
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id	oai:doaj.org-article:abc17eed64044a24ac62b23b56d9a11e
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spelling	oai:doaj.org-article:abc17eed64044a24ac62b23b56d9a11e2021-11-04T05:43:03ZEffects of Pandemics on Corporate Innovation: Evidence From the Chinese Firms2296-256510.3389/fpubh.2021.780348https://doaj.org/article/abc17eed64044a24ac62b23b56d9a11e2021-11-01T00:00:00Zhttps://www.frontiersin.org/articles/10.3389/fpubh.2021.780348/fullhttps://doaj.org/toc/2296-2565This paper examines the effects of the pandemics-related uncertainty on corporate innovation in Chinese firms. For this purpose, the recent uncertainty measure of pandemics, the Pandemics Discussion Index (PDI), is used. The findings from the fixed-effects estimations show the negative impact of the PDI on corporate innovation. Government subsidies, operation profits, and total exports also positively affect corporate innovation. In addition, firms' management efficiency promotes corporate innovation. These results hold when the Blundell-Bond estimations are utilized to address potential endogeneity. Various robustness analyses, such as considering the lagged PDI and the lagged controls, are also conducted. Consequently, the main results remain robust. Thus, this paper provides novel and robust evidence on the negative impact of pandemics on Chinese firms' corporate innovation behavior.Ci ZhangYilin HuLeping HuangYajie HuangFrontiers Media S.A.articleCOVID-19 pandemicpost-COVID-19 erapandemics discussion indexcorporate innovationChinese firmsBlundell-Bond estimationsPublic aspects of medicineRA1-1270ENFrontiers in Public Health, Vol 9 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	COVID-19 pandemic post-COVID-19 era pandemics discussion index corporate innovation Chinese firms Blundell-Bond estimations Public aspects of medicine RA1-1270
spellingShingle	COVID-19 pandemic post-COVID-19 era pandemics discussion index corporate innovation Chinese firms Blundell-Bond estimations Public aspects of medicine RA1-1270 Ci Zhang Yilin Hu Leping Huang Yajie Huang Effects of Pandemics on Corporate Innovation: Evidence From the Chinese Firms
description	This paper examines the effects of the pandemics-related uncertainty on corporate innovation in Chinese firms. For this purpose, the recent uncertainty measure of pandemics, the Pandemics Discussion Index (PDI), is used. The findings from the fixed-effects estimations show the negative impact of the PDI on corporate innovation. Government subsidies, operation profits, and total exports also positively affect corporate innovation. In addition, firms' management efficiency promotes corporate innovation. These results hold when the Blundell-Bond estimations are utilized to address potential endogeneity. Various robustness analyses, such as considering the lagged PDI and the lagged controls, are also conducted. Consequently, the main results remain robust. Thus, this paper provides novel and robust evidence on the negative impact of pandemics on Chinese firms' corporate innovation behavior.
format	article
author	Ci Zhang Yilin Hu Leping Huang Yajie Huang
author_facet	Ci Zhang Yilin Hu Leping Huang Yajie Huang
author_sort	Ci Zhang
title	Effects of Pandemics on Corporate Innovation: Evidence From the Chinese Firms
title_short	Effects of Pandemics on Corporate Innovation: Evidence From the Chinese Firms
title_full	Effects of Pandemics on Corporate Innovation: Evidence From the Chinese Firms
title_fullStr	Effects of Pandemics on Corporate Innovation: Evidence From the Chinese Firms
title_full_unstemmed	Effects of Pandemics on Corporate Innovation: Evidence From the Chinese Firms
title_sort	effects of pandemics on corporate innovation: evidence from the chinese firms
publisher	Frontiers Media S.A.
publishDate	2021
url	https://doaj.org/article/abc17eed64044a24ac62b23b56d9a11e
work_keys_str_mv	AT cizhang effectsofpandemicsoncorporateinnovationevidencefromthechinesefirms AT yilinhu effectsofpandemicsoncorporateinnovationevidencefromthechinesefirms AT lepinghuang effectsofpandemicsoncorporateinnovationevidencefromthechinesefirms AT yajiehuang effectsofpandemicsoncorporateinnovationevidencefromthechinesefirms
_version_	1718445232926752768

Effects of Pandemics on Corporate Innovation: Evidence From the Chinese Firms

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