State-owned banks and firms' innovation

2014 Fiscal Year Final Research Report

• Project/Area Number: 25780210
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Money/ Finance
• Research Institution: The University of Tokyo
• Principal Investigator: YUAN Yuan 東京大学, 工学(系)研究科(研究院), 研究員 (40609773)
• Project Period (FY): 2013-04-01 – 2015-03-31
• Keywords: 国有銀行 / イノベーション活動

Outline of Final Research Achievements

In this study, the stated-owned banks and firms’innovation activities in China are evaluated as follows.1) We analyze the effects of stated-owned banks on the risktaking of firms. Our results show that state-owned bank shareholdings facilitate firms to take risk. 2) We examine the effect stated-owned banks on technology import in terms of fundraising. Firstly, we find that firms that have fundraising from the government or banks tend to import technology. Secondly, we find that technology imports have larger positive impact on the output, sales, and R&D expenses.

Free Research Field

中国経済　実証経済