Chinese A-Share Firm Innovation and Financial Environment, 2015-2024

An unbalanced panel dataset of A-share listed firms in Shanghai and Shenzhen from 2015 to 2024. It examines the effect of the city-year financial ecological environment (FEE) index on corporate innovation, distinguishing between substantive and strategic innovation. The dataset was created by Zhang, Jinhui and hosted on Harvard Dataverse, with a last update in June 2026.

Use Cases

• Analyzing the relationship between financial environment quality and innovation type based on the constructed FEE index.
• Modeling the impact of substantive versus strategic innovation on firm value using the described panel fixed-effects model.
• Investigating heterogeneity in innovation effects across firm ownership (state vs. non-state), industry (high-tech), and life-cycle stage.
• Studying the governance and resource channels (debt financing cost, information transparency) through which financial conditions shape innovation.

Strengths

• Data covers a 10-year time range from 2015 to 2024.
• Analysis is based on an unbalanced panel fixed-effects model, which likely controls for unobserved heterogeneity.
• The description details specific mechanisms (resource and governance channels) and heterogeneity factors (ownership, tech-level, growth-stage) explored.

Limitations

• Column-level documentation is absent; field semantics must be inferred after download.
• Row count is unknown, which may limit suitability assessment for large-scale modeling.
• The dataset's license terms are unspecified, requiring verification upon download.

Provenance

Source

Harvard Dataverse, author Zhang, Jinhui.

Collection Method

Constructed using A-share listed firms; city-year FEE index based on the entropy weighting method.

Time Range

2015 to 2024

Freshness

Last updated 2026-06-18 03:45:26; freshness should be verified.

Geography

Shanghai and Shenzhen stock exchanges in China.