报告题目：Corporate sustainable development driven by high-quality innovation: Does fiscal decentralization really matter? （Economic Analysis and Policy，ESI前1%高被引论文分享）

报告人：曾明博士

报告时间：2024年3月19日上午10:00

报告地点：1A-4036

主办单位：5357cc拉斯维加斯

报告人简介：曾明，5357cc拉斯维加斯讲师。经济学本硕，管理学博士。已发表高级别学术论文8篇，其中ESI前1%高被引论文1篇，参与国家社科重点项目1项，省部级课题多项。曾获四川大学创新奖学金（2021）、四川大学优秀毕业生（2022）等荣誉。主要研究方向为：金融科技、公共政策和企业创新。

内容简介：High-quality innovation is the crucial way to promote corporate sustainable development. This paper explores the effect of fiscal decentralization on corporate innovation quality with hybrid data during 2006–2019. The findings show that fiscal decentralization can promote corporate innovation quality in China. This paper carries out various robustness tests, and the results remain consistent with the previous conclusion. The findings also suggest that fiscal decentralization can do better in promoting corporate innovation quality in higher-administrative-level cities, eastern regions, technology intensive industries, and large-scale enterprises. Furthermore, this paper reveals that business cycle plays a moderating role in how fiscal decentralization affects corporate innovation quality, and the promotion effect is stronger in booms than in recessions. The findings also indicate that promotion incentive positively moderates the enhancement effect of fiscal decentralization on corporate innovation quality, while market integration negatively moderates this relationship. This study sheds new light on how fiscal decentralization affects corporate innovation quality, which is helpful for the government to promote high-quality innovation and corporate sustainable development in China.