Dai, Jing; Liu, Guanchun; Ye, Ziqi; Mao, Haiou; Ye, Yongwei - In: China finance and economic review : CFER 13 (2024) 1, pp. 67-87
Competition is the catalyst of corporate innovation, which is the foundation of a country's core competitiveness. From the view of vertical industrial chain, this paper examines how downstream competition affects upstream firms' innovation output. Given innovation helps reduce the production...