Recently, research on government intervention and innovation performance has emerged in
large numbers. However, the endogenous problems arising from the indirect investigations …

Enterprises need to innovate business strategies to deal with the negative effects of low‐
carbon development, among which digital transformation is an important breakthrough …

The complexity and sustainability of technology are both important standards to measure
innovation quality. As the diffusion of innovation is generated outside the region, patent …

Based on the “income and expenditure” identity, we examine the Chinese provincial-level
government debt from 2011 to 2019 and empirically analyze the effect of local government …

We study whether, how, and why the investment of a firm depends on the investment of other
firms in the same product market. Using an instrumental variable based on the presence of …

High-quality development is the primary task of building a modern socialist country in an all-
around way. Innovation, coordination, green development, openness, and sharing are the …

This paper examines how labor mobility restrictions like noncompete agreements affect
firms' investment decisions. Using matched employee-employer data from LinkedIn, I show …

This paper investigates why industrial firms conduct Corporate Venture Capital (CVC)
investment in entrepreneurial companies. I test alternative views on CVC by exploiting the …

In the last two decades, digital transformation has been critical for firms' survival and
development. Thus, it is important to understand what factors might help facilitate firms' …

Entrepreneurial companies are a vital source of innovation and are financed by investors
with different profiles. We examine whether the innovative outputs of entrepreneurial …