Research Article
The Influence of Institutional Investor Shareholding on the Innovation Level of Listed Companies
@INPROCEEDINGS{10.4108/eai.6-1-2023.2330259, author={Qingyuxi Yang and Hangqin Xiang}, title={The Influence of Institutional Investor Shareholding on the Innovation Level of Listed Companies}, proceedings={Proceedings of the 2nd International Conference on Big Data Economy and Digital Management, BDEDM 2023, January 6-8, 2023, Changsha, China}, publisher={EAI}, proceedings_a={BDEDM}, year={2023}, month={6}, keywords={institutional investors technological innovation capability r\&d patent license}, doi={10.4108/eai.6-1-2023.2330259} }- Qingyuxi Yang
Hangqin Xiang
Year: 2023
The Influence of Institutional Investor Shareholding on the Innovation Level of Listed Companies
BDEDM
EAI
DOI: 10.4108/eai.6-1-2023.2330259
Abstract
This paper aims to study the interaction between institutional investor ownership and innovation level of listed enterprises in China. Using Python crawling and manually collected data of listed companies as samples, the innovation level is measured by two dimensions of innovation input and innovation output, and the innovation output is divided into high and low standard innovation. The results show that the shareholding ratio of institutional investors has a negative effect on the proportion of R&D investment and R&D personnel of listed companies. Furthermore, institutional ownership has a negative correlation with high standard innovation, but no correlation with low standard innovation.
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