Due to information asymmetry, the negative impact of R&D subsidies misallocation is becoming increasingly obvious. This study constructs a two-step empirical analysis framework to examine the effect of R&D subsidies on enterprise R&D inefficiency from a view of resource misallocation. Using a...

This paper comparatively assesses the divergent effects of government and market financing upon innovation process of enterprises of different scales, attempting to reveal the role of different financing sources comprehensively. Using a unique enterprise-level data set of science- and...

The financial technology (fintech) research represents a critical, dynamic and rapid developing field of research, making it essential to review and prospect the fintech field systematically to advance its development. Using a combination of data-driven techniques from main path analysis and...

This paper investigates the impact of unanticipated Australian monetary policy changes on AUD/USD exchange rate futures, 3-year and 10-year Australian Treasury bond futures, during the period from January 1997 to April 2010. Our study contributes to the literature by using both 30-day and 90-day...