Abstract
This paper selects Chinese A-share listed companies from 2011 to 2021 as a research sample to explore the relationship between rigid debt maturity structure and corporate innovation. It is found that rigid debt maturity structure has a positive impact on corporate innovation; private firms are more significantly promoted by long-maturity, rigid debt maturity structure than state-owned enterprises; the higher the rigid debt dependence, the more the firms' capital needs for technological innovation depend on rigid debt.
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