Author(s)

Changting Huang ¹, Desheng Tang ¹, Mei Li ¹

Affiliation(s)

¹ School of Economics, Guangxi University/China-ASEAN Institute of Financial Cooperation, Nanning, Guangxi, China

Corresponding Author

ABSTRACT

This article uses data from Chinese A-share listed companies from 2002 to 2018 and employs a fixed-effects model to identify the impact of corporate leverage on corporate innovation behavior. The results show that corporate leverage significantly hinders corporate innovation behavior. After conducting robustness tests, the conclusion remains valid. Further research reveals that state-owned enterprises exacerbate the impact of corporate leverage on corporate innovation behavior, while external supervisory mechanisms mitigate this effect.

KEYWORDS

CITE THIS PAPER

Changting Huang, Desheng Tang, Mei Li, The Impact of Corporate Debt on Corporate Innovation Behavior: Evidence from China. Industrial Engineering and Innovation Management (2023) Vol. 6: 31-40. DOI: http://dx.doi.org/10.23977/ieim.2023.061005.

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