Curse or blessing: National industrial investment fund and corporate R&D in China
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DOI: 10.1016/j.frl.2023.103724
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- Gao, Feiyang & Tao, Yunqing & Chen, Dong & Cao, Yuyang, 2023. "Stringent financial regulation and corporate R&D investment: Evidence from a quasi-natural experiment in China," Finance Research Letters, Elsevier, vol. 55(PB).
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More about this item
Keywords
National industrial investment fund; Financial constraints; Agency conflict; Corporate R&D;All these keywords.
JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
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