The DOI matches its Crossref record; 79 of the 79 references it cites were found in a registry or an index.
How Do Foreign Institutional Investors Enhance Firm Innovation?
Open accessAbstract
We examine the effect of foreign institutional investors on firm innovation. Using firm-level data across 26 non-U.S. economies between 2000 and 2010, we show that foreign institutional ownership has a positive, causal effect on firm innovation. We further explore three possible underlying mechanisms through which foreign institutions affect firm innovation: Foreign institutions act as active monitors, provide insurance for firm managers against innovation failures, and promote knowledge spillovers from high-innovation economies. Our article sheds new light on the real effects of foreign institutions on firm innovation.
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Cites
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What Works in Securities Laws?
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Competition and Innovation: An Inverted U Relationship
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Cited by
Hu, Y., Ren, S., Wang, Y., & Chen, X. (2020) · Energy Economics · doi:10.1016/j.eneco.2019.104590 · Cited by 620
Stock market liberalization and innovation
Moshirian, F., Tian, X., Zhang, B., & Zhang, W. (2021) · Journal of Financial Economics · doi:10.1016/j.jfineco.2020.08.018 · Cited by 409
Self-citationFinance and Corporate Innovation: A Survey
He, J. (., & Tian, X. (2018) · Asia-Pacific Journal of Financial Studies · doi:10.1111/ajfs.12208 · Cited by 282
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Metadata
- Authors
- Luong, H., Moshirian, F., Nguyen, L., Tian, X., & Zhang, B.
- Venue
- Journal of Financial and Quantitative Analysis
- Publisher
- Cambridge University Press (CUP)
- Published
- 2017-07-25
- Volume
- 52
- Issue
- 4
- Pages
- 1449-1490
- ISSN
- 0022-1090 (ISSN-L)
- 1756-6916
- OpenAlex
- W3125622685
- Cited by
- 502
- References
- 79
- FWCI
- 70.92
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
