Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)

Assessing Institutional Investor Attention’s Impact on Corporate Innovation: A Computational Analysis of Dual Incentives

Authors
Ben Liu1, Huiyue Liu1, *
1Shenzhen Campus, Jinan University, Shenzhen, 518053, China
*Corresponding author. Email: liu_hy@sz.jnu.edu.cn
Corresponding Author
Huiyue Liu
Available Online 19 December 2024.
DOI
10.2991/978-94-6463-598-0_39How to use a DOI?
Keywords
Institutional investor attention; Enterprise innovation investment; Equity incentive; Compensation incentive; Mediating effect
Abstract

Utilising investor data from Shenzhen Stock Exchange’s “Interactive Easy” platform and listed company data, this paper constructs an institutional investor attention index to explore its impact on corporate innovation investment. Results demonstrate that increased institutional investor attention significantly boosts corporate innovation investment through equity and compensation incentives, with executive compensation incentives playing a pivotal mediating role. This effect is more pronounced in non-state-owned enterprises than in state-owned ones. The findings suggest external institutional investor attention enhances corporate governance, advocating for regulatory efforts to broaden information exchange channels for investors and encourage listed companies to engage in enterprise research.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
19 December 2024
ISBN
978-94-6463-598-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-598-0_39How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Ben Liu
AU  - Huiyue Liu
PY  - 2024
DA  - 2024/12/19
TI  - Assessing Institutional Investor Attention’s Impact on Corporate Innovation: A Computational Analysis of Dual Incentives
BT  - Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
PB  - Atlantis Press
SP  - 377
EP  - 391
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-598-0_39
DO  - 10.2991/978-94-6463-598-0_39
ID  - Liu2024
ER  -