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Patient capital and the performance of strategic emerging enterprises

delete2026-04-15
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OA
AI
P
Pei Yuan
P
Pengfei Zhao *
DOI:10.1016/j.iref.2026.105284delete
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Abstract

Abstract

En 中文
• Using the Classification Catalogue of Strategic Emerging Industries (2023) ensures accurate identification. • We use a novel patient capital dummy and rigorous robustness and endogeneity tests. • Patient capital fosters innovation and reduces operational costs as two distinct channels. • The effect is stronger in regions with higher intellectual property protection and among state-owned enterprises. • Provide clear policy implications for building a financial ecosystem conducive to innovation.
Keywords:
Patient capital
Strategic emerging industries
Enterprise performance
Technological innovation
Operating costs
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Key information extracted from the uploaded paper, including a brief overview, abstract, background, key highlights, visual analysis, and future outlook.

Journal

I
International Review of Economics & Finance
IF:
5.6
Papers:
509
Citations:
0

Organization

X
Xinjiang University of Finance and Economics
Scholars:
260
Papers: 204
Citations: 187