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Picking winners? Government subsidies and firm productivity in China

Citations

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Cited by:

  1. Deng, Jiapin, 2025. "Deleveraging backed by fiscal support: The monetary–fiscal policy mix during the deleveraging campaign in China," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
  2. Binhua Qian, 2023. "Financial subsidies, tax incentives, and new energy vehicle enterprises’ innovation efficiency: Evidence from Chinese listed enterprises," PLOS ONE, Public Library of Science, vol. 18(10), pages 1-20, October.
  3. Chen, Anqi & Lian, Zihan & Zhang, Zhida, 2025. "Do institutional investors’ site visits promote firm productivity? Evidence from China," Finance Research Letters, Elsevier, vol. 85(PD).
  4. Chao Wang & Jiapeng Li & Yang Yi & Shuwang Yang, 2024. "Crowding in or crowding out? Executive environmental attention and ESG performance of mining listed companies," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 37(4), pages 897-913, December.
  5. Shi, Guifeng & Li, Huijun, 2025. "Government-led resource allocation and firm productivity: Evidence from a quasi-natural experiment," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
  6. Wang, Deli & Liu, Xiaoyuan & Hu, Shiyang & Wu, Shangrui, 2025. "The value of digital government transformation: Evidence from R&D subsidy efficiency in China," International Review of Financial Analysis, Elsevier, vol. 102(C).
  7. Zhang, Yupeng & Yang, Yuchuan, 2025. "Can governmental innovation subsidies promote firm innovative economic efficiency? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 106(C).
  8. Dahlström, Petter & Lööf, Hans & Sjöholm, Fredrik & Stephan, Andreas, 2023. "The EU’s Competitive Advantage in the 'Clean-Energy Arms Race'," Working Paper Series 1483, Research Institute of Industrial Economics.
  9. Tang, Li & Zhang, Teng & Wang, Jinglang & Liu, Baoliu & Huang, Yujie, 2025. "“Dual synergistic” transformation and corporate total factor productivity: Empirical evidence from China," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 717-732.
  10. Xiekui Zhang & Zhusheng Wu & Zefeng Zhang, 2025. "Can Functional Industrial Policy Promote Digital–Green Synergy Development?," Sustainability, MDPI, vol. 17(16), pages 1-36, August.
  11. Liu, Xin & Xu, Zhao & Zhang, Kailai & Kang, Zhiyong & Xie, Xinyue, 2025. "Can upgrading development zones enhance regional entrepreneurial activity? Evidence from Chinese enterprise registration data," International Review of Economics & Finance, Elsevier, vol. 98(C).
  12. Hanming Fang & Ming Li & Guangli Lu, 2025. "Decoding China’s Industrial Policies," PIER Working Paper Archive 25-012, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  13. François Chimits, 2023. "What Do We Know About Chinese Industrial Subsidies?," CEPII Policy Brief 2023-42, CEPII research center.
  14. Pérez-Amuedo, José Antonio & Hassan, M. Kabir & Houston, Reza, 2025. "The ripple effect: How subsidies transform firm behavior," Journal of Corporate Finance, Elsevier, vol. 95(C).
  15. Guo, Shulong & Wang, Yongqiang & Liu, Yubin, 2025. "How social credit affects enterprise innovation: Evidence from the development of China's social credit system," Technological Forecasting and Social Change, Elsevier, vol. 213(C).
  16. Kristina Alekseyevna Zakharova & Danil Anatolyevich Muravyev & Egine Araratovna Karagulian, 2024. "Modeling of Complex State Financial Support for Small and Medium-Sized Enterprises," Economies, MDPI, vol. 12(7), pages 1-18, July.
  17. Mergele, Lukas & Hennicke, Moritz & Lubczyk, Moritz, 2025. "The big sell: Privatizing East Germany’s economy," Journal of Public Economics, Elsevier, vol. 242(C).
  18. Yu Cao & Francesca de Nicola & Aaditya Mattoo & Jonathan David Timmis, 2024. "Technological Decoupling ? The Impact on Innovation of US Restrictions on Chinese Firms," Policy Research Working Paper Series 10950, The World Bank.
  19. Ying Zhang & Shouming Chen & Yujia Li & Disney Leite Ramos, 2024. "Does Environmental Protection Law Bring about Greenwashing? Evidence from Heavy-Polluting Firms in China," Sustainability, MDPI, vol. 16(5), pages 1-20, February.
  20. Yasuyuki TODO, 2025. "Reconsidering Supply Chains and Industrial Policy from the Economic Security Perspective," Policy Discussion Papers 25005, Research Institute of Economy, Trade and Industry (RIETI).
  21. Ting Feng & Zhongyi Xue, 2023. "The impact of government subsidies on corporate resilience: evidence from the COVID-19 shock," Economic Change and Restructuring, Springer, vol. 56(6), pages 4199-4221, December.
  22. Huang, Xiulu & Wang, Xiaoyu & Ge, Pengfei, 2024. "Selective industrial policy and innovation resource misallocation," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 124-146.
  23. Zhao, Lin & Chong, Kim Mee & Gooi, Leong-Mow & Yan, Luqing, 2024. "Research on the impact of government fiscal subsidies and tax incentive mechanism on the output of green patents in enterprises," Finance Research Letters, Elsevier, vol. 61(C).
  24. Guangwei Zhang & Yahan Shi & Nuozhou Huang, 2024. "Government Subsidies, Green Innovation, and Firm Total Factor Productivity of Listed Artificial Intelligence Firms in China," Sustainability, MDPI, vol. 16(8), pages 1-20, April.
  25. Wang, Mengyu & Wurgler, Jeffrey & Zhang, Hong, 2026. "Policy uncertainty reduces green innovation," Journal of Financial Economics, Elsevier, vol. 175(C).
  26. Liu, Fang & Zhang, Zhaomei & Zhang, Junjie & Guo, Fenghang, 2025. "Nationalism and corporate innovation performance," International Review of Economics & Finance, Elsevier, vol. 102(C).
  27. ZHANG,Hongyong & CHENG,Wenyin & LIANG,David Tao & Meng,Bo, 2024. "Industrial Subsidies along Domestic Value Chains and their Impacts on China’s Exports," IDE Discussion Papers 937, Institute of Developing Economies, Japan External Trade Organization(JETRO).
  28. Yanwei Lyu & Luyan Wang & Yuchen Lu, 2026. "Opening new paths to enterprise total factor productivity improvement: evidence from cross-border e-commerce pilot in China," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 43(1), pages 129-160, April.
  29. Telegdy, Álmos & Tóth, Gábor, 2024. "A támogatott hitelezés hatásvizsgálata Magyarországon [Impact assessment of subsidised loans in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 113-130.
  30. Li, Quan & Li, Wei & Liu, Junfeng, 2025. "Government subsidies and total factor productivity: The conflict between economic and social objectives," Finance Research Letters, Elsevier, vol. 85(PD).
  31. Zhou, Kuo & Qu, Zhi & Guo, Yiman & Hu, Runnian, 2025. "Does a firm's intelligent technological transformation matter for its access to financial resources?," Economic Modelling, Elsevier, vol. 149(C).
  32. Yang, Xiaoyin & Zhang, Xinmin & Zang, Hong & Chu, Hongcong & Feng, Chao, 2025. "From shadows to spotlight: How big data bureaus unveil corporate R&D gaming?," Finance Research Letters, Elsevier, vol. 86(PG).
  33. Chen, Zhe & Lu, Zhuocheng & Liao, Kaicheng, 2025. "Rowing or crowding? The nonlinear effects of State-owned capital participation on ESG performance in private enterprises," Economic Analysis and Policy, Elsevier, vol. 87(C), pages 790-810.
  34. Li, Guangwei & Branstetter, Lee G., 2024. "Does “Made in China 2025” work for China? Evidence from Chinese listed firms," Research Policy, Elsevier, vol. 53(6).
  35. Meng, Shunjie & Xu, Xiaoxin, 2025. "Can digital infrastructure improve corporate productivity? Evidence from a quasi-natural experiment in China✰," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1867-1884.
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