... financing constraints, business income, innovation activity and corporate governance. Findings Climate risk significantly inhibits corporate sustainable innovation, reducing both R&D inputs and patent outputs. Financing constraints and declining business income mediate this effect, while active...

... performance to seek legitimacy. Externally, a successful VBP bid is interpreted by investors as a government endorsement, which alleviates financing constraints and enables firms to channel the resources into ESG initiatives to meet legitimacy demands. Originality/value This study pioneers a novel...

... on corporate investment efficiency. The study investigates the mechanisms behind the reforms, focusing on alleviating financing constraints, reducing cash holdings, and mitigating underinvestment and overinvestment. Findings The study finds that e-government reforms significantly enhance corporate...

...Shukuan Zhao; Xueyuan Fan; Dong Shao; Shuang Wang Purpose This study aims to investigate the impact of supply chain concentration (SCC) on corporate research and development (R&D) investment and determine the moderating roles of industry concentration and financing constraints...

...Mengjun Huo; Chao Li Purpose The aim of this paper is to explore the specific relationship between managerial power and enterprise innovation performance. Combined with managerial power theory and stewardship theory, financing constraints and strategic orientation, including, strategic market...