Does bank shareholding impact corporate innovation? Evidence from China

Lai, Shaojie; Li, Xiaorong; Chan, Kam C.

doi:10.1016/j.econmod.2020.07.004

Cited by 16 publications

(4 citation statements)

References 42 publications

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“…BMC is a measure of banking market concentration for which we use financial These findings indicate the marginal benefits of bank-firm equity-based relationships for Islamic and conventional banks, as Diamond (1984) argued. Our empirical results align with some other emerging market studies (Lai et al, 2020;Limpaphayom & Polwitoon, 2004;H. Wang et al, 2020).…”

Section: Regression Resultssupporting

confidence: 91%

“…Bank ownership in non-financial firms is a "double-edged sword" (Lai et al, 2020;Lin et al, 2009). Accordingly, the previous literature on the relationship between bank-firm relationship and firm's performance presents both positive and negative strands.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

“…We focus on bank-firm equity-based relationships because of their significant role in firm performance and for society as a whole (Lai et al, 2020). However, we find limited literature examining such form of bank-firm relationship (BFR), and most of the previous research has focused on lending relationships between banks and firms (Dass & Massa, 2011;Degryse & Van Cayseele, 2000;Fowowe, 2017;Miarka & Tröge, 2005;Petersen & Rajan, 1994;Yildirim, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Bank-firm equity-based relationships and firm’s performance: evidence from Islamic and conventional banks of OIC countries

Khan

Baig

Hussain

et al. 2021

Cogent Business & Management

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We examine the relationship between bank's equity ownership and corporate financial performance based on cross-sectional data through 2SLS estimation model. Our evidence is based on listed 3203 non-financial firms of 16 Organization of Islamic Conference (OIC) member states with dual-banking system (Islamic and Conventional). Consistent with notion of previous empirical studies, we document a positive impact of both Islamic and Conventional bank-firm equitybased relationships on firm's performance. The study suggests that the presence of bank equity ownership mitigates agency cost and information asymmetry problems, which in turn increase the firm's performance. Hence, the market participants such as portfolio managers may consider the role of financial intermediaries during the construction of risk minimization strategies.

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Section: Regression Resultssupporting

confidence: 91%

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Bank-firm equity-based relationships and firm’s performance: evidence from Islamic and conventional banks of OIC countries

Khan

Baig

Hussain

et al. 2021

Cogent Business & Management

View full text Add to dashboard Cite

show abstract

“…The network topology constructed using attribute data, such as cooperative patent quantity, property rights relations, value chains, and talent mobility, is useful for describing inter‐regional green innovation relationships (Gan et al, 2023; Ma & He, 2023). However, due to single data sources and a strong focus on certain factors, this method is limited and leads to one‐sided results that fail to fully capture the complexity of the green innovation network's formation process (Chi et al, 2023; Zhang, Tai, Cheng, Zhu, & Hou, 2022).…”

Section: Theory and Methodsmentioning

confidence: 99%

Research on the diffusion of green innovation behavior based on complex network evolutionary game

Chen,

Yang,

Zhang

2023

Manage Decis Econ

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The strategic choice of green innovation subjects and the evolution of green innovation networks have a two‐way feedback effect. This study aims to construct a comprehensive framework for analyzing the evolution of green innovation networks from micro to macro levels. The gravity model demonstrates the structural complexity of green innovation networks. Additionally, an evolutionary game model based on green innovation networks is constructed to discuss the network's diffusion mechanism of green innovation behavior and its influence on network characteristic indicators. The research findings reveal that (1) the green innovation networks in China exhibit a continuous growth trend but the connectivity of urban nodes varies significantly; (2) the green innovation network's marginal nodes are the “vulnerable groups” in the evolutionary game and the active green innovation strategy cannot be completely spread; and (3) the cost of passive green innovation and the demand for green consumption are the internal and external driving forces that promote the spread of the active green innovation strategy in the network. Finally, this study concludes with several suggestions, including the establishment of a mechanism to promote green innovation reform with the city, industry, and enterprises as the node, fulcrum, and focus, respectively. Additionally, it suggests increasing domestic demand for green consumption. These findings and suggestions can provide a reference for the development of green innovation in other countries or regions.

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The Determinants of Bank-Firm Relationships: Overview, Evolution, and Challenges

Palmieri,

Geretto

2023

Palgrave Macmillan Studies in Banking and Financial Institutions

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Does bank shareholding impact corporate innovation? Evidence from China

Cited by 16 publications

References 42 publications

Bank-firm equity-based relationships and firm’s performance: evidence from Islamic and conventional banks of OIC countries

Bank-firm equity-based relationships and firm’s performance: evidence from Islamic and conventional banks of OIC countries

Research on the diffusion of green innovation behavior based on complex network evolutionary game

The Determinants of Bank-Firm Relationships: Overview, Evolution, and Challenges

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