Business Environment and Enterprise Value - Testing of Innovation Resources Based on Event Research Method

DOI: https://doi.org/10.62517/jse.202411511

Author(s)

Pan Shuni

Affiliation(s)

School of Economics, Anhui University of Finance and Economics, Bengbu, Anhui, China

Abstract

A good business environment is not only the soil for enterprises to survive, but also the factor to promote enterprise innovation and enhance enterprise value. The article selects the panel data of my countrys listed companies from September 2017 to September 2023, and uses the double difference method to examine the impact of business environment innovation pilot policies on corporate value. The empirical results show that the pilot policy of business environment innovation significantly enhances the value of listed enterprises in the pilot zone, and this impact is more significant in state-owned enterprises and enterprises in the tertiary industry. Therefore, we can consider further expanding the scope of pilot areas, and at the same time focus on formulating targeted policies for enterprises with different industry characteristics, so as to promote the stable development of enterprise economy and further protect the high-quality development of Chinas market economy.

Keywords

Business Environment; Enterprise Value; Event Study Method Classification No.: F Document Identification Code: A

References

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