The impact of capital enrichment on total factor productivity from the perspective of innovation capability

Ma, Lina; Xu, Fengju; Iqbal, Najaf

doi:10.1080/15140326.2022.2048342

Cited by 8 publications

(5 citation statements)

References 73 publications

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“…The promotional effect of the increase in innovation on TFP has been confirmed by endogenous growth theory (Aghion et al 1998). Firms' innovation capability was studied by many researchers, and the relationship between innovation capability and the firm's TFP has been found (Ma et al 2022).…”

Section: The Mechanism Of Digitalisation Empowering Tfp In Food-relat...mentioning

confidence: 86%

Research on the promotion effect and mechanisms of digital empowerment of food enterprises

Li,

2024

Agric. Econ. - Czech

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Based on panel data from 2010 to 2020 of 151 A-share listed food-related enterprises in China, this research uses a fixed-effect model to analyse the impact of digital transformation on total factor productivity (TFP) in food--related enterprises. Our findings indicated that digital transformation has a positive and significant catalytic effect on TFP improvement in food-related enterprises. The mechanism test revealed that both cost-saving and innovation capacity enhancement effects of digital transformation contributed to the promotion of TFP improvement in these enterprises. Moreover, our heterogeneity analysis suggested that digital transformation is more effective in enhancing TFP in state-owned enterprises (SOEs) in the food-related industry, indicating that SOEs play a representative role in promoting advanced productivity in agricultural development. We also found that capital-intensive and technology-intensitve food-related enterprises were experiencing productivity paradox traps. Our results confirmed that digital transformation brings catch-up effects to labor-intensive food-related enterprises and those located in major grain production regions. Overall, this research can provide valuable insights for policymakers to upgrade the digital--enabled food industry.

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Section: The Mechanism Of Digitalisation Empowering Tfp In Food-relat...mentioning

confidence: 86%

Research on the promotion effect and mechanisms of digital empowerment of food enterprises

Li,

2024

Agric. Econ. - Czech

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“…Moreover, innovation investment is crucial for corporate development, with previous literature confirming that innovation can significantly promote enterprise productivity. Ma et al (2022) and Rehman and Islam (2023) demonstrate a direct link between innovation capacity and TFP. Additionally, Xu and Guan (2023) reveal that blockchain innovation activities enhance TFP by alleviating financing constraints, reducing supply chain concentration, and minimizing inefficient investments.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 95%

Section: Firm Productivitymentioning

confidence: 97%

Self‐media information disclosure and firm productivity

Huang,

Zhou,

Mou

et al. 2024

Manage Decis Econ

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Using Sina Weibo data obtained through crawler technologies from 2013 to 2021, this study investigates the relationship between self‐media information disclosure and firm productivity. We find that self‐media information disclosure promotes firm productivity, a conclusion that withstands various robustness and endogeneity tests. Particularly, original microblogs exhibit a more significant impact. Further analysis reveals that the promoting effect is more pronounced in listed companies with lower annual retweets, small companies, and those with lower turnover. Finally, a mechanism analysis indicates that self‐media information disclosure enhances enterprise productivity by alleviating financing constraints, enhancing corporate innovation, and strengthening corporate governance.

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“…However, a decrease in contribution burden may limit companies' endogenous motivation to reduce cost-passing behavior and increase employee wages. The most direct impact of reducing the CEICR is increased cash fl ow (Ma et al, 2020;Wei and Xia, 2020). Companies are motivated to use the money to increase employee wages in two ways.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

Corporate Endowment Insurance Fee Reduction and Employee Wages: Evidence from China

Zhang

Fang

Guo

2023

China and World Economy

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To stimulate economic growth, the Chinese government implemented three consecutive policies between 2016 and 2019 to reduce the corporate endowment insurance contribution ratio (CEICR), the highest payment item for Chinese companies. Using China's CEICR reduction policies as a quasi-natural experiment, this paper evaluates the impact of corporate payment burden reduction on employee wages. Generally, reducing CEICR appears to prompt companies to increase employee wages. Corporate cash flow is a possible channel of influence. Moreover, the positive effect is found to be more pronounced in companies that are more labor intensive, performing better in labor payment compliance, and located in regions with higher pressure for elderly care.This paper off ers evidence in favor of implementing CEICR reduction policies from the perspective of improving the well-being of employees.

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The impact of capital enrichment on total factor productivity from the perspective of innovation capability

Cited by 8 publications

References 73 publications

Research on the promotion effect and mechanisms of digital empowerment of food enterprises

Research on the promotion effect and mechanisms of digital empowerment of food enterprises

Self‐media information disclosure and firm productivity

Corporate Endowment Insurance Fee Reduction and Employee Wages: Evidence from China

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