Wang, Fang; Chen, Xinci; Yang, Guochao - In: China journal of accounting research : CJAR 18 (2025) 2, pp. 1-31
Many public-private partnership (PPP) projects in China are facing increased fiscal expenditure responsibilities and weakened fiscal capacity, which may hinder investment in corporate innovation. Using data from Chinese prefecture-level cities and listed firms from 2014 to 2020, we find that PPP...