Belt and Road Initiative and Corporate Investment Efficiency: Evidence from China’s Listed Companies

DOI

10.2991/978-94-6239-642-5_37How to use a DOI?

Keywords

Belt and Road Initiative; Corporate investment efficiency; Panel Regression; DID; DDD

Abstract

This research investigates the influence of China’s Belt and Road Initiative (BRI) on corporate investment efficiency by utilizing data from A-share listed companies spanning the period from 2010 to 2020. By applying the Richardson model and the difference-in-differences approach, it is discovered that the BRI significantly curtails inefficient investment, thus enhancing investment efficiency. The impact is more prominent for manufacturing enterprises and companies situated in key BRI regions, indicating industry and geographical heterogeneity. These findings imply that the BRI improves both the quantity and quality of corporate investment.

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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TY  - CONF
AU  - Yawen Fan
PY  - 2026
DA  - 2026/04/29
TI  - Belt and Road Initiative and Corporate Investment Efficiency: Evidence from China’s Listed Companies
BT  - Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026)
PB  - Atlantis Press
SP  - 365
EP  - 378
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-642-5_37
DO  - 10.2991/978-94-6239-642-5_37
ID  - Fan2026
ER  -