Proceedings of the 2022 2nd International Conference on Business Administration and Data Science (BADS 2022)

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Research on the impact of the finance structure on innovation investment in Chinese Corporation

Authors
Jiedong Zhang1, *
1Faculty of Arts and Social Sciences, The University of Sydney, Sydney, NSW, 2006, Australia
*Corresponding author. Email: jzha5498@uni.sydney.edu.au
Corresponding Author
Jiedong Zhang
Available Online 29 December 2022.
DOI
10.2991/978-94-6463-102-9_145How to use a DOI?
Keywords
Financial structure; Innovation investment; Regression analysis; Principal component analysis; ANOVA
Abstract

In order to explore the potential relationship between the innovation investment and the enterprise financial structure, the work gathered the related data, using KMO and Bartlett's Test to test whether the factors tested could be used in the following factor analysis, and principal component analysis to find the commonalities among several shareholders proportion related factors. Then the work used the regression analysis and ANOVA to test the significance of different financial structure related factors to the innovation. Our empirical results showed that financial structure truly has an inevitable impact on innovation investment. The lower the debt financing, the simpler the financial structure, the later the companies go IPO, the lower the equity capital, the company would devote more to innovation investments. Also, there is no big difference in debt financing, equity financing, internal financing, and cash flow level between the offshore and onshore natural persons.

Copyright
© 2023 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 2022 2nd International Conference on Business Administration and Data Science (BADS 2022)
Series
Atlantis Highlights in Computer Sciences
Publication Date
29 December 2022
ISBN
10.2991/978-94-6463-102-9_145
ISSN
2589-4900
DOI
10.2991/978-94-6463-102-9_145How to use a DOI?
Copyright
© 2023 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

risenwbib
TY  - CONF
AU  - Jiedong Zhang
PY  - 2022
DA  - 2022/12/29
TI  - Research on the impact of the finance structure on innovation investment in Chinese Corporation
BT  - Proceedings of the 2022 2nd International Conference on Business Administration and Data Science (BADS 2022)
PB  - Atlantis Press
SP  - 1392
EP  - 1401
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-102-9_145
DO  - 10.2991/978-94-6463-102-9_145
ID  - Zhang2022
ER  -