Economic Policy Uncertainty, Shareholding of Institutional Investors and R&D Investment of High Technology Enterprises: Evidence from China
- 10.2991/aebmr.k.210601.060How to use a DOI?
- Economic policy uncertainty, Shareholding of Institutional Investors, R&D investment, High technology enterprises
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.
- © 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/).
Cite this article
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 -