Participation in Targeted Poverty Alleviation and Enterprise Innovation Investment: Analysis of the Mediating Effect Test Model Based on Financing Constraints
In China, enterprises participating in targeted poverty alleviation can be provided with a strategic resource to enhance their ultimate value creation ability and directly win reputation and obtain sustainable competitive advantages, thus enhancing their innovation ability. In this study, the influe...
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| Format: | Article |
| Language: | English |
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Wiley
2022-01-01
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| Series: | Journal of Function Spaces |
| Online Access: | http://dx.doi.org/10.1155/2022/7060462 |
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| _version_ | 1832551148341428224 |
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| author | Ting Gao Huaiming Wang |
| author_facet | Ting Gao Huaiming Wang |
| author_sort | Ting Gao |
| collection | DOAJ |
| description | In China, enterprises participating in targeted poverty alleviation can be provided with a strategic resource to enhance their ultimate value creation ability and directly win reputation and obtain sustainable competitive advantages, thus enhancing their innovation ability. In this study, the influence and mechanism of the participation in targeted poverty alleviation on enterprise innovation investment are empirically examined based on financing constraints with the data of nonfinancial listed companies in Shanghai and Shenzhen from 2012 to 2019 as the object. The research suggests that enterprises taking the initiative to participate in targeted poverty alleviation can first have increased innovation investment and especially enhanced exploratory innovation ability. Second, enterprises’ participation in targeted poverty alleviation can reduce financing constraints of enterprises’ innovation, improve their resource allocation efficiency, and stimulate their innovation vitality primarily through the influence of resource, reputation, and information. This study enriches the theoretical research on the economic consequences of targeted poverty alleviation and provides a reference for guiding enterprises in practice to fulfill social responsibilities to promote enterprises’ innovation vigor and boost their high-quality development. |
| format | Article |
| id | doaj-art-d3895845360f4c77bd13d995cf48f052 |
| institution | Kabale University |
| issn | 2314-8888 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Journal of Function Spaces |
| spelling | doaj-art-d3895845360f4c77bd13d995cf48f0522025-02-03T06:04:53ZengWileyJournal of Function Spaces2314-88882022-01-01202210.1155/2022/7060462Participation in Targeted Poverty Alleviation and Enterprise Innovation Investment: Analysis of the Mediating Effect Test Model Based on Financing ConstraintsTing Gao0Huaiming Wang1College of FinanceCollege of FinanceIn China, enterprises participating in targeted poverty alleviation can be provided with a strategic resource to enhance their ultimate value creation ability and directly win reputation and obtain sustainable competitive advantages, thus enhancing their innovation ability. In this study, the influence and mechanism of the participation in targeted poverty alleviation on enterprise innovation investment are empirically examined based on financing constraints with the data of nonfinancial listed companies in Shanghai and Shenzhen from 2012 to 2019 as the object. The research suggests that enterprises taking the initiative to participate in targeted poverty alleviation can first have increased innovation investment and especially enhanced exploratory innovation ability. Second, enterprises’ participation in targeted poverty alleviation can reduce financing constraints of enterprises’ innovation, improve their resource allocation efficiency, and stimulate their innovation vitality primarily through the influence of resource, reputation, and information. This study enriches the theoretical research on the economic consequences of targeted poverty alleviation and provides a reference for guiding enterprises in practice to fulfill social responsibilities to promote enterprises’ innovation vigor and boost their high-quality development.http://dx.doi.org/10.1155/2022/7060462 |
| spellingShingle | Ting Gao Huaiming Wang Participation in Targeted Poverty Alleviation and Enterprise Innovation Investment: Analysis of the Mediating Effect Test Model Based on Financing Constraints Journal of Function Spaces |
| title | Participation in Targeted Poverty Alleviation and Enterprise Innovation Investment: Analysis of the Mediating Effect Test Model Based on Financing Constraints |
| title_full | Participation in Targeted Poverty Alleviation and Enterprise Innovation Investment: Analysis of the Mediating Effect Test Model Based on Financing Constraints |
| title_fullStr | Participation in Targeted Poverty Alleviation and Enterprise Innovation Investment: Analysis of the Mediating Effect Test Model Based on Financing Constraints |
| title_full_unstemmed | Participation in Targeted Poverty Alleviation and Enterprise Innovation Investment: Analysis of the Mediating Effect Test Model Based on Financing Constraints |
| title_short | Participation in Targeted Poverty Alleviation and Enterprise Innovation Investment: Analysis of the Mediating Effect Test Model Based on Financing Constraints |
| title_sort | participation in targeted poverty alleviation and enterprise innovation investment analysis of the mediating effect test model based on financing constraints |
| url | http://dx.doi.org/10.1155/2022/7060462 |
| work_keys_str_mv | AT tinggao participationintargetedpovertyalleviationandenterpriseinnovationinvestmentanalysisofthemediatingeffecttestmodelbasedonfinancingconstraints AT huaimingwang participationintargetedpovertyalleviationandenterpriseinnovationinvestmentanalysisofthemediatingeffecttestmodelbasedonfinancingconstraints |