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Published in 2021 at "Borsa Istanbul Review"
DOI: 10.1016/j.bir.2021.06.013
Abstract: Abstract This paper investigates how a democratic environment affects corporate R&D investment around the world. Using a sample of 114,318 observations from 34 countries over the period 2002–2016, we find that democracy is negatively related…
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Keywords:
corporate investment;
investment;
democracy corporate;