“…Hu, Stauvermann, Nepal, Zhou, & Health, 2023;Jin Wang, Wang, Long, & Chen, 2023). These cost shocks costs have affected enterprise behavior and investment decisions in various ways, such as increasing tax avoidance (Campbell, Goldman, & Li, 2021), reducing outward investment (Duckett & Change, 2020), inhibiting innovation (W. Gao, Chen, Xu, Lyulyov, & Pimonenko, 2023), and influencing strategic corporate decisions (Agarwal, Pan, & Qian, 2020;Wahyudi, Hasanudin, & Pangestutia, 2020).…”