Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026)

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The Impact of the Belt and Road Initiative on the Investment Efficiency of Enterprises

Authors
Xinrui Xu1, *
1Massey Institute, Nanjing University of Finance and Economics, Nanjing, 210003, China
*Corresponding author. Email: xinruixu0304@gmail.com
Corresponding Author
Xinrui Xu
Available Online 29 April 2026.
DOI
10.2991/978-94-6239-642-5_21How to use a DOI?
Keywords
The Belt and Road Initiative; Enterprise investment efficiency; Richardson residual model; Enterprise growth cycle
Abstract

As a national-level top-level cooperation strategy, the Belt and Road Initiative’s impact on the investment efficiency of enterprises is an important micro-dimension for measuring its economic effects. This paper constructs a two-dimensional empirical framework of ‘holistic-heterogeneous’ based on the residual model of Richardson (2006) to systematically examine the impact of the ‘Belt and Road’ policy on the investment efficiency of enterprises and its differentiated effects. The research results show that: First, the ‘Belt and Road Initiative’ policy significantly enhances the investment efficiency of enterprises; Secondly, there is obvious heterogeneity in policy effects. Based on the research conclusions, this paper provides countermeasures and suggestions for improving the investment efficiency of enterprises under the background of the ‘Belt and Road Initiative’ from different aspects.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026)
Series
Advances in Economics, Business and Management Research
Publication Date
29 April 2026
ISBN
978-94-6239-642-5
ISSN
2352-5428
DOI
10.2991/978-94-6239-642-5_21How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xinrui Xu
PY  - 2026
DA  - 2026/04/29
TI  - The Impact of the Belt and Road Initiative on the Investment Efficiency of Enterprises
BT  - Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026)
PB  - Atlantis Press
SP  - 187
EP  - 203
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-642-5_21
DO  - 10.2991/978-94-6239-642-5_21
ID  - Xu2026
ER  -