Tang, Dapeng; Li, Yuan; Zheng, Hao; Yuan, Xin - In: China journal of accounting research : CJAR 15 (2022) 3, pp. 1-32
Using panel data from 242 cities in China, we examine the impact of government research and development (R&D) spending …&D expenditures are more innovative than firms in other cities. Further, the positive effect of government R&D spending depends on … fiscal instruments and factor allocation. Through subsidies and tax incentives, government R&D spending enhances firm …