Gao, Yuchen; Zhang, Si; Hu, Yimei - In: Journal of business economics and management 22 (2021) 6, pp. 1655-1678
R&D subsidized loans ( tiexi daikuan ) is an effective market-driven solution to promote firms' R&D outputs, including … of R&D subsidized loans on firms' R&D outputs in comparison to that of the direct R&D grants. The results show that R …