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| The Impact of QFII on Innovation Investment and Corporate Value |
| Zheng Chunmei, Zhu Lijun |
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Abstract Based on the data of Ashare listed companies in China's Shanghai and Shenzhen Stock Exchanges from 2007 to 2016, the impact of QFII shareholding on innovation investment and corporate value was studied. The regulatory effect of the characteristics of the industry and executives and the intermediary effect of innovation investment were discussed in detail. The study found that: QFII shareholding promoted enterprises to increase innovation investment, and the characteristics of the industry and executives have a regulatory effect in this relationship; QFII shareholding was also conducive to enhance corporate value, and innovation investment have an intermediary effect. Finally, it is proposed that the government and enterprises should pay attention to the positive role of QFII and formulate relevant policies to attract investment from QFII.
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