The effect of firm-level perception of uncertainty on innovation: Evidence from China’s listed firms

He, Chao; Li, Yanxi; Zhu, Jiawei

doi:10.1016/j.econlet.2022.110886

Cited by 16 publications

(4 citation statements)

References 20 publications

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“…Wang et al, 2017). Currently, few studies focus on the relationship between perception of economic policy uncertainty (PEPU) and enterprise innovation strategies at the micro level (C. He et al, 2022). Therefore, how firm-level PEPU affects enterprise innovation strategies is worth an in-depth analysis.…”

Section: Introductionmentioning

confidence: 99%

“…However, it will change the external business environment for enterprises and ultimately influence enterprise innovation strategies (P. Jin et al, 2019; Y. Wang et al, 2017). Currently, few studies focus on the relationship between perception of economic policy uncertainty (PEPU) and enterprise innovation strategies at the micro level (C. He et al, 2022). Therefore, how firm‐level PEPU affects enterprise innovation strategies is worth an in‐depth analysis.…”

Section: Introductionmentioning

confidence: 99%

“…Furthermore, this part also includes their judgment and expectation on the enterprise's development strategies and potential policy risks. In other words, this part provides a detailed analysis of the uncertain factors that may affect the development and operation of enterprises in the future (C. He et al, 2022). Therefore, in‐depth processing and analysis of the text in this part can obtain PEPU of enterprise.…”

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confidence: 99%

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Economic policy uncertainty: A new firm‐level measurement and impact on enterprise innovation strategies

Khan

et al. 2023

Manage Decis Econ

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This paper investigates the impact of the perception of economic policy uncertainty (PEPU) on enterprise innovation strategies. Using a text‐based method and a sample of Chinese listed companies from 2007 to 2021, we find that PEPU negatively affects substantive and strategic innovations, and its negative impact on strategic innovations is more noticeable than that on substantive innovations. Mechanism analysis shows that PEPU affects enterprise innovation strategies through innovation investment and financing constraints. Moreover, enterprises with a high shareholding ratio of executives and private enterprises are more likely to suffer the negative impact of PEPU. Finally, analyst attention and internal control quality may weaken the inhibitory impact of PEPU on enterprise innovation strategies.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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confidence: 99%

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Economic policy uncertainty: A new firm‐level measurement and impact on enterprise innovation strategies

Khan

et al. 2023

Manage Decis Econ

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“…Third, existing literature have examined the impact of political risk on stock market in the United States, mainland China, Australia, Arab countries, Scotland, Brazil, Scandinavian countries and other countries and regions (Bahmani‐Oskooee & Xi, 2011; Banerjee & Dutta, 2022; Chau et al, 2014; Darby & Roy, 2019; Doan et al, 2020; Gao et al, 2019; Gonçalves et al, 2022; He et al, 2022; Hillier & Loncan, 2019; Ifwarsson et al, 2021; Liu et al, 2017; Luo et al, 2016; Pastor & Veronesi, 2012; Smales, 2016). Our paper focuses on the political risk in Taiwan, which is an important supplement to studies in this field.…”

Section: Introductionmentioning

confidence: 99%

The causal effect of political risk on the stock market: Evidence from a natural experiment

Liu

et al. 2023

Australian Economic Papers

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By using the misfired missile event from Taiwan to mainland China as an exogenous shock, we identify the causal effect of potential military risk on the Chinese A‐share market. We find that the misfired missile event indeed causes a significant decline in the stock prices of Taiwan‐related A‐share firms, especially for firms that have stronger relationship with Taiwan. Further analysis shows that the increased required rate of return due to higher political uncertainty is the main driving force of the stock price decline. Our findings provide strong support for the existence of priced political risk in the stock market.

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Be cautious or win in danger? Firms’ economic policy uncertainty perception and green technology innovation

Shao,

2024

Asia Pac J Manag

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The effect of firm-level perception of uncertainty on innovation: Evidence from China’s listed firms

Cited by 16 publications

References 20 publications

Economic policy uncertainty: A new firm‐level measurement and impact on enterprise innovation strategies

Economic policy uncertainty: A new firm‐level measurement and impact on enterprise innovation strategies

The causal effect of political risk on the stock market: Evidence from a natural experiment

Be cautious or win in danger? Firms’ economic policy uncertainty perception and green technology innovation

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