Open Access Letter

The impact of economic policy uncertainty on the profitability of China’s listed export enterprises

by Liping Zheng a,*
a
Finance and Economics College, Jimei University, Xiamen, China
*
Author to whom correspondence should be addressed.
Received: 11 November 2022 / Accepted: 25 December 2022 / Published Online: 27 December 2022

Abstract

Based on the empirical data of 6110 listed export companies in China from 2010 to 2019, this paper studies the impact of China's economic policy uncertainty (EPU) index on the profitability of listed companies from the specific perspective of export companies, and analyzes the moderating effects of different factors on this impact. The results show that China's EPU index has a significant negative impact on the profitability of listed export companies, and the increase in R&D investment and wage returns will aggravate this negative impact. In addition, listed export enterprises with different enterprise characteristics have different responses to EPU. State-owned enterprises and enterprises located in coastal areas are relatively less negatively affected by EPU.


Copyright: © 2022 by Zheng. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Zheng, L. The impact of economic policy uncertainty on the profitability of China’s listed export enterprises. Financial Economics Letters, 2022, 1, 4. https://doi.org/10.58567/fel01010004
AMA Style
Zheng L. The impact of economic policy uncertainty on the profitability of China’s listed export enterprises. Financial Economics Letters; 2022, 1(1):4. https://doi.org/10.58567/fel01010004
Chicago/Turabian Style
Zheng, Liping 2022. "The impact of economic policy uncertainty on the profitability of China’s listed export enterprises" Financial Economics Letters 1, no.1:4. https://doi.org/10.58567/fel01010004
APA style
Zheng, L. (2022). The impact of economic policy uncertainty on the profitability of China’s listed export enterprises. Financial Economics Letters, 1(1), 4. https://doi.org/10.58567/fel01010004

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