Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Management Research and Economic Development

Series Vol. 91 , 20 June 2024


Open Access | Article

Foreign Direct Investment and New Quality Productivity of Enterprises

Ke Liu * 1
1 International College, Hebei University, Qiyi East Street, Baoding City, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 91, 1-6
Published 20 June 2024. © 20 June 2024 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Ke Liu. Foreign Direct Investment and New Quality Productivity of Enterprises. AEMPS (2024) Vol. 91: 1-6. DOI: 10.54254/2754-1169/91/20241071.

Abstract

Now China is opening up to the outside world at a high level. In the process of utilising foreign investment, it is significant to study how foreign direct investment (FDI) affects the formation of new quality productivity of enterprises in China. This paper examines the impact of FDI on new quality productivity of enterprises. Results using financial statement data of A-share listed companies and FDI level data of the cities where the companies are located from 2011 to 2020 show that FDI has a significant promotion effect on the enhancement of new quality productivity of enterprises. Further analysis reveals that the positive effect is generated through the channels of improving enterprise innovation ability and easing enterprise financing constraints, predominantly observed in non-state-owned enterprises. The test for moderating effect shows that a high degree of capital market openness has a significant positive effect on the formation of new quality productivity of enterprises influenced by FDI. The results of this paper provide a theoretical perspective of FDI for further research on the new quality productivity of enterprises.

Keywords

FDI, new quality productivity of enterprises, enterprise innovation, financing constraints, capital market openness

References

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2. Ren, B.P. and Dou, Y.B. (2024) New Quality Productivity: Literature Review and Research Outlook. Economic and Management Review. Retrieved from http://kns.cnki.net/kcms/detail/37.1486.F.20240328.1616.002.html.

3. Lu, J. and Guo, Z. (2024) Wang, Y.P. Development Level of New Quality Productivity, Regional Differences and Promotion Path. Journal of Chongqing University (Social Science Edition). Retrieved from http://kns.cnki.net/kcms/detail/50.1023.c.20240306.1451.002.html.

4. Song, J., Zhang, J.C., Pan, Y. (2024) A study on the impact of ESG development on firms' new quality productivity--empirical evidence from Chinese A-share listed firms. Contemporary Economic Management. Retrieved from http://kns.cnki.net/kcms/detail/13.1356.F.20240313.1657.002.html.

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Management Research and Economic Development
ISBN (Print)
978-1-83558-479-8
ISBN (Online)
978-1-83558-480-4
Published Date
20 June 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/91/20241071
Copyright
20 June 2024
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated