The impact of economic policy uncertainty on firms’ investment in innovation: Evidence from Chinese listed firms
This paper uses data of Chinese listed enterprises and economic policy uncertainty index for empirical analysis, and conducts a study through three channels of monetary policy uncertainty affecting enterprise innovation investment, and finds that economic policy uncertainty has a positive promotion...
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| Veröffentlicht in: | PloS one 2022-11, Vol.17 (11), p.e0272983-e0272983 |
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| description | This paper uses data of Chinese listed enterprises and economic policy uncertainty index for empirical analysis, and conducts a study through three channels of monetary policy uncertainty affecting enterprise innovation investment, and finds that economic policy uncertainty has a positive promotion effect on enterprise R&D investment, and its increase in tension is instead a clear signal that can effectively increase enterprise R&D investment, this promotion effect seems unexpected, this paper Through theoretical analysis and combined with the actual practice, this incentive effect is found to be in line with reality. However, in the subsequent heterogeneity analysis, this paper finds that it positively promotes R&D investment when economic policy uncertainty is low and may have a suppressive effect on R&D investment when monetary policy uncertainty is high. |
| doi_str_mv | 10.1371/journal.pone.0272983 |
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However, in the subsequent heterogeneity analysis, this paper finds that it positively promotes R&D investment when economic policy uncertainty is low and may have a suppressive effect on R&D investment when monetary policy uncertainty is high.</description><identifier>ISSN: 1932-6203</identifier><identifier>EISSN: 1932-6203</identifier><identifier>DOI: 10.1371/journal.pone.0272983</identifier><language>eng</language><publisher>San Francisco: Public Library of Science</publisher><subject>Business enterprises ; Economic analysis ; Economic aspects ; Economic development ; Economic growth ; Economic policy ; Empirical analysis ; Evaluation ; Growth rate ; Heterogeneity ; Impact analysis ; Influence ; Innovations ; Investments ; Monetary policy ; People and Places ; R&D ; Research & development ; Research & development expenditures ; Science Policy ; Social Sciences ; Theoretical analysis ; Trade policy ; Uncertainty</subject><ispartof>PloS one, 2022-11, Vol.17 (11), p.e0272983-e0272983</ispartof><rights>COPYRIGHT 2022 Public Library of Science</rights><rights>2022 Kun et al. This is an open access article distributed under the terms of the Creative Commons Attribution License: http://creativecommons.org/licenses/by/4.0/ (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. 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| subjects | Business enterprises Economic analysis Economic aspects Economic development Economic growth Economic policy Empirical analysis Evaluation Growth rate Heterogeneity Impact analysis Influence Innovations Investments Monetary policy People and Places R&D Research & development Research & development expenditures Science Policy Social Sciences Theoretical analysis Trade policy Uncertainty |
| title | The impact of economic policy uncertainty on firms’ investment in innovation: Evidence from Chinese listed firms |
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