Research on the Influence of Equity Pledge of Controlling Shareholders on Enterprise Innovation based on the Real Surplus Management Perspective

Guangqiang Han, Yingxue Wang

2022

Abstract

The article samples Chinese A-share listed companies from 2007 to 2020, and verifies the relationship between the controlling shareholder equity pledge, surplus management and enterprise innovation by using empirical research methods. The study found that the implementation of equity pledge by the controlling shareholders will reduce the degree of innovation of enterprises, and the real surplus management will play a partial intermediary role in the relationship between the two. The research conclusion is helpful to improve the economic consequence theory of equity pledge.

Paper Citation

in Harvard Style

Han G. and Wang Y. (2022). Research on the Influence of Equity Pledge of Controlling Shareholders on Enterprise Innovation based on the Real Surplus Management Perspective. In Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM, ISBN 978-989-758-593-7, pages 510-514. DOI: 10.5220/0011188900003440

in Bibtex Style

@conference{bdedm22,
author={Guangqiang Han and Yingxue Wang},
title={Research on the Influence of Equity Pledge of Controlling Shareholders on Enterprise Innovation based on the Real Surplus Management Perspective},
booktitle={Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,},
year={2022},
pages={510-514},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011188900003440},
isbn={978-989-758-593-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,
TI - Research on the Influence of Equity Pledge of Controlling Shareholders on Enterprise Innovation based on the Real Surplus Management Perspective
SN - 978-989-758-593-7
AU - Han G.
AU - Wang Y.
PY - 2022
SP - 510
EP - 514
DO - 10.5220/0011188900003440