Economic Policy Uncertainty, Shareholding of Institutional Investors and R&D Investment of High Technology Enterprises: Evidence from China

DOI

10.2991/aebmr.k.210601.060How to use a DOI?

Keywords

Economic policy uncertainty, Shareholding of Institutional Investors, R&D investment, High technology enterprises

Abstract

This paper studies how economic policy uncertainty affect the R&D investment of Chinese high technology enterprises. Meanwhile, it examines the moderating effect of shareholding of institutional investors. Our results show that the proportion of high technology enterprises’ R&D investment is positively correlated with the EPU level of that year. Furthermore, higher shareholding of institutional investors reinforced this positive effect.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yuxin Zhou
PY  - 2021
DA  - 2021/06/02
TI  - Economic Policy Uncertainty, Shareholding of Institutional Investors and R&D Investment of High Technology Enterprises: Evidence from China
BT  - Proceedings of the 2021 International Conference on Enterprise Management and Economic Development (ICEMED 2021)
PB  - Atlantis Press
SP  - 344
EP  - 348
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210601.060
DO  - 10.2991/aebmr.k.210601.060
ID  - Zhou2021
ER  -