Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)

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The Opening of High-speed Rail and Enterprise Innovation—Research based on Multi-period DID

Authors
Peiyang Li1, *
1Organization: School of Economics and Management, Beijing Jiaotong University, Beijing, China
*Corresponding author. Email: 20120659@bjtu.edu.cn
Corresponding Author
Peiyang Li
Available Online 29 December 2022.
DOI
10.2991/978-94-6463-042-8_198How to use a DOI?
Keywords
high-speed rail opening; corporate innovation; financing constraints
Abstract

The opening of high-speed rail has had a profound impact on China's society and economy, greatly promoted the exchanges between regions, and brought the development of various regions into the era of high-speed rail. This paper selects all A-share non-financial listed companies from 2008 to 2019 and uses a double differential model to study the relationship between the opening of high-speed rail and corporate innovation. The study finds that the opening of highspeed rail can promote corporate innovation. Further analysis of its impact mechanism found that the opening of highspeed rail can ease the financing constraints of enterprises and improve the level of enterprise innovation. This research is not only a supplement to the economic consequences related to the opening of the high-speed rail, but also a further expansion of the research on the factors affecting enterprise innovation.

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 International Conference on mathematical statistics and economic analysis (MSEA 2022)
Series
Advances in Computer Science Research
Publication Date
29 December 2022
ISBN
10.2991/978-94-6463-042-8_198
ISSN
2352-538X
DOI
10.2991/978-94-6463-042-8_198How 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  - Peiyang Li
PY  - 2022
DA  - 2022/12/29
TI  - The Opening of High-speed Rail and Enterprise Innovation—Research based on Multi-period DID
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 1363
EP  - 1368
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_198
DO  - 10.2991/978-94-6463-042-8_198
ID  - Li2022
ER  -