Financing R&D in Chinese private firms: Business associations or political connection?
Sign Up to like & getrecommendations! Published in 2019 at "Economic Modelling"
DOI: 10.1016/j.econmod.2018.12.010
Abstract: Using a new and unique dataset of Chinese private firms, this paper explores how private firms access bank loans to finance innovative activities. The results reveal that political connection, rather than membership in a government-controlled… read more here.
Keywords: chinese private; financing; political connection; private firms ... See more keywords
Does Confucian culture influence corporate R&D investment? Evidence from Chinese private firms
Sign Up to like & getrecommendations! Published in 2020 at "Finance Research Letters"
DOI: 10.1016/j.frl.2020.101719
Abstract: Abstract In this study, we examine how informal institution, namely Confucian culture, affects corporate R&D investment. Using a nationwide survey of Chinese private firms, we find that Confucian culture is significantly positively associated with corporate… read more here.
Keywords: confucian culture; corporate investment; chinese private; private firms ... See more keywords