{"id":"https://openalex.org/W3030504367","doi":"https://doi.org/10.1080/19761597.2020.1770616","title":"Human capital, financial constraints, and innovation investment persistence","display_name":"Human capital, financial constraints, and innovation investment persistence","publication_year":2020,"publication_date":"2020-05-27","ids":{"openalex":"https://openalex.org/W3030504367","doi":"https://doi.org/10.1080/19761597.2020.1770616","mag":"3030504367"},"language":"en","primary_location":{"id":"doi:10.1080/19761597.2020.1770616","doi":"https://doi.org/10.1080/19761597.2020.1770616","is_oa":false,"landing_page_url":"https://doi.org/10.1080/19761597.2020.1770616","pdf_url":null,"source":{"id":"https://openalex.org/S116778711","display_name":"Asian Journal of Technology Innovation","issn_l":"1976-1597","issn":["1976-1597","2158-6721"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","fnege-4","jufo-1","kci-candidate","norway-1","poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asian Journal of Technology Innovation","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5060274471","display_name":"Hongxing Peng","orcid":"https://orcid.org/0000-0002-0471-6044","observed_orcids":["https://orcid.org/0000-0002-0471-6044"]},"institutions":[{"id":"https://openalex.org/I179026463","display_name":"Beijing Technology and Business University","ror":"https://ror.org/013e0zm98","country_code":"CN","type":"education","lineage":["https://openalex.org/I179026463"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Hongxing Peng","raw_affiliation_strings":["Business School, Beijing Technology and Business University, Beijing, People\u2019s Republic of China"],"raw_orcid":"https://orcid.org/0000-0002-0471-6044","affiliations":[{"raw_affiliation_string":"Business School, Beijing Technology and Business University, Beijing, People\u2019s Republic of China","institution_ids":["https://openalex.org/I179026463"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5023652540","display_name":"Hongping Tan","orcid":"https://orcid.org/0000-0001-7479-6636","observed_orcids":["https://orcid.org/0000-0001-7479-6636"]},"institutions":[{"id":"https://openalex.org/I1313079697","display_name":"Southwest University of Political Science & Law","ror":"https://ror.org/02pz16m08","country_code":"CN","type":"education","lineage":["https://openalex.org/I1313079697"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Hongping Tan","raw_affiliation_strings":["School of Business, Southwest University of Political Science and Law, Chongqing, People\u2019s Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business, Southwest University of Political Science and Law, Chongqing, People\u2019s Republic of China","institution_ids":["https://openalex.org/I1313079697"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5002416203","display_name":"Yin Zhang","orcid":"https://orcid.org/0000-0002-6127-7535","observed_orcids":["https://orcid.org/0000-0002-6127-7535"]},"institutions":[{"id":"https://openalex.org/I37796252","display_name":"Beijing University of Technology","ror":"https://ror.org/037b1pp87","country_code":"CN","type":"education","lineage":["https://openalex.org/I37796252"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Yin Zhang","raw_affiliation_strings":["School of Economics and Management, Beijing University of Technology, Beijing, People\u2019s Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Management, Beijing University of Technology, Beijing, People\u2019s Republic of China","institution_ids":["https://openalex.org/I37796252"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5002416203"],"corresponding_institution_ids":["https://openalex.org/I37796252"],"apc_list":null,"apc_paid":null,"fwci":6.9681,"has_fulltext":false,"cited_by_count":66,"citation_normalized_percentile":{"value":0.96506919,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":100},"biblio":{"volume":"28","issue":"3","first_page":"453","last_page":"475"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5938000082969666,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5938000082969666,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.23989999294281006,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10003","display_name":"Innovation and Knowledge Management","score":0.04729999974370003,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/human-capital","display_name":"human capital","score":0.996999979019165},{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.8949999809265137},{"id":"https://openalex.org/keywords/innovation-investment","display_name":"innovation investment","score":0.8659999966621399},{"id":"https://openalex.org/keywords/high-tech-firms","display_name":"high-tech enterprises","score":0.8539999723434448},{"id":"https://openalex.org/keywords/a-share-market","display_name":"A-share market","score":0.6970000267028809}],"concepts":[{"id":"https://openalex.org/C2776943663","wikidata":"https://www.wikidata.org/wiki/Q165687","display_name":"Human capital","level":2,"score":0.7985426187515259},{"id":"https://openalex.org/C2781009140","wikidata":"https://www.wikidata.org/wiki/Q7170389","display_name":"Persistence (discontinuity)","level":2,"score":0.7245275974273682},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.7086622714996338},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5056934356689453},{"id":"https://openalex.org/C2780090960","wikidata":"https://www.wikidata.org/wiki/Q194489","display_name":"Salary","level":2,"score":0.48565638065338135},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.45683616399765015},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.4277230501174927},{"id":"https://openalex.org/C63545947","wikidata":"https://www.wikidata.org/wiki/Q10958910","display_name":"Individual capital","level":4,"score":0.4263337254524231},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.416179895401001},{"id":"https://openalex.org/C9127897","wikidata":"https://www.wikidata.org/wiki/Q990550","display_name":"Physical capital","level":3,"score":0.4108756184577942},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.37020716071128845},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3590289354324341},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.32315540313720703},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.24297136068344116},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C187320778","wikidata":"https://www.wikidata.org/wiki/Q1349130","display_name":"Geotechnical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1080/19761597.2020.1770616","doi":"https://doi.org/10.1080/19761597.2020.1770616","is_oa":false,"landing_page_url":"https://doi.org/10.1080/19761597.2020.1770616","pdf_url":null,"source":{"id":"https://openalex.org/S116778711","display_name":"Asian Journal of Technology Innovation","issn_l":"1976-1597","issn":["1976-1597","2158-6721"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","fnege-4","jufo-1","kci-candidate","norway-1","poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asian Journal of Technology Innovation","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.9211000204086304,"display_name":"Decent work and economic growth"},{"id":"https://metadata.un.org/sdg/9","score":0.428600013256073,"display_name":"Industry, innovation and infrastructure"}],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/9","score":0.6800000071525574,"display_name":"Industry, innovation and infrastructure"}],"study_designs":[],"awards":[{"id":"https://openalex.org/G2717460861","display_name":null,"funder_award_id":"SM201910011006","funder_id":"https://openalex.org/F4320321572","funder_display_name":"Beijing Municipal Commission of Education"},{"id":"https://openalex.org/G6415346108","display_name":"\u5206\u6790\u5e08\u4f30\u503c\u6a21\u578b\u7814\u7a76","funder_award_id":"71872154","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320321572","display_name":"Beijing Municipal Commission of Education","ror":"https://ror.org/04bpn6s66"},{"id":"https://openalex.org/F4320327557","display_name":"National Office for Philosophy and Social Sciences","ror":"https://ror.org/04m0ms912"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":33,"referenced_works":["https://openalex.org/W1757213600","https://openalex.org/W1963320473","https://openalex.org/W1967587100","https://openalex.org/W1969641552","https://openalex.org/W1989946705","https://openalex.org/W1991428446","https://openalex.org/W2004945768","https://openalex.org/W2026556068","https://openalex.org/W2050731102","https://openalex.org/W2067475882","https://openalex.org/W2073263524","https://openalex.org/W2080559942","https://openalex.org/W2108795964","https://openalex.org/W2121220767","https://openalex.org/W2131479318","https://openalex.org/W2139077334","https://openalex.org/W2140409505","https://openalex.org/W2162484441","https://openalex.org/W2270056374","https://openalex.org/W2499970283","https://openalex.org/W2508014071","https://openalex.org/W2606983961","https://openalex.org/W2742618045","https://openalex.org/W2762453432","https://openalex.org/W2763108845","https://openalex.org/W2890158648","https://openalex.org/W2902480894","https://openalex.org/W3023499496","https://openalex.org/W3121239116","https://openalex.org/W3122095672","https://openalex.org/W4211141187","https://openalex.org/W4297081765","https://openalex.org/W4301031038"],"related_works":["https://openalex.org/W3026390263","https://openalex.org/W2590954226","https://openalex.org/W4392815357","https://openalex.org/W2624352279","https://openalex.org/W4301861842","https://openalex.org/W4381613353","https://openalex.org/W4386349060","https://openalex.org/W4409249620","https://openalex.org/W2355459575","https://openalex.org/W2258941363"],"abstract_inverted_index":{"We":[0,27,43,62],"examine":[1],"the":[2,19,24,33,46,53,73,83],"impact":[3],"of":[4,14,36,75],"human":[5,30,50,66,80,93],"capital":[6,31,51,67,81,94],"on":[7,39],"innovation":[8,40,59,69,105],"investment":[9,41,60,70],"persistence":[10,71,84],"using":[11],"a":[12],"sample":[13],"high-tech":[15],"companies":[16],"listed":[17],"in":[18,99],"Chinese":[20],"A-share":[21],"market":[22],"for":[23],"period":[25],"2009\u20132017.":[26],"find":[28,63,90],"that":[29,64,91],"mitigates":[32],"negative":[34],"effect":[35],"financial":[37],"constraints":[38],"persistence.":[42,61],"further":[44],"explore":[45],"mechanism":[47],"through":[48,72,85,103],"which":[49],"at":[52],"management":[54,65,92],"and":[55],"employee":[56,79],"levels":[57],"affects":[58,68,82],"expectation":[74],"authorised":[76],"patents,":[77],"while":[78],"salary":[86],"stickiness.":[87],"Furthermore,":[88],"we":[89],"contributes":[95],"to":[96],"an":[97],"increase":[98],"future":[100],"granted":[101],"patents":[102],"persistent":[104],"investment.":[106]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":22},{"year":2024,"cited_by_count":25},{"year":2023,"cited_by_count":8},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2020-06-05T00:00:00"}