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The impact of COVID-19 on firm innovation: Evidence from Chinese listed companies

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Abstract This study examines the impact of COVID-19 on firm innovation using the data of Chinese listed companies from January 2020 to October 2020. The results show that at the… Click to show full abstract

Abstract This study examines the impact of COVID-19 on firm innovation using the data of Chinese listed companies from January 2020 to October 2020. The results show that at the national level, COVID-19 inhibits firm innovation in China. At the regional level, there are no differences in the impacts of COVID-19 on Hubei province and other regions. At the firm level, compared with non-state-owned enterprises (NSOEs), COVID-19 has a greater negative effect on the innovation quality of state-owned enterprises (SOEs). Innovation in large companies is more vulnerable to COVID-19 than in small and medium-sized enterprises (SMEs).

Keywords: firm innovation; chinese listed; impact covid; covid firm; innovation; listed companies

Journal Title: Finance Research Letters
Year Published: 2021

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