Relying on firm-level data from China, this paper combines matching techniques with a structural framework to study the … effects of public subsidies across multiple stages of innovation and the implications for productivity. The findings reveal … that public subsidies reduce firms' economic performance despite promoting indigenous innovation, at least in the higher …

This paper tries to account for impact from both R&D tax incentives and subsidies policies on firm innovation in China … simultaneously rather than separately, measuring firm innovation by input and output proxies, namely “R&D investment” and “number of … patents application”. We use a firm-level survey data from Shanghai, China, and combine the propensity score matching method …

The original intention of the government was to provide financial subsidies to firms by implementing innovation support … policies. In turn, this will encourage these firms to carry out technological innovation activities. However, there are still … enterprise innovation. The theoretical and empirical research conclusions are uncertain. In this study, samples unlisted …

This paper explores the impact of government environmental protection subsidies on corporate green innovation using … green innovation, and the results are robust. Financing constraints, research and development (R&D) willingness, and … green innovation. Further analysis shows that compared with industrial policies at the provincial level, the key supportive …

"The forthcoming fourteenth Five-Year Plan (2021-2025) emphasizes innovation as the driving force to double China's GDP … China's increasing innovation efforts may have prevented an even more severe productivity decline, returns to catching … China than elsewhere. Innovation policy, in general, may contribute to diminishing research productivity if additional R …

In an effort to aggressively combat climate change, China implemented a low-carbon city pilot policy (LCCP) in 2010 …. This study analyzes the impact LCCP, which is a specific environmental regulation on firms' profitability and innovation … performance. The study argues that LCCP has an impact on corporate profitability by enhancing corporate innovation. Based on the …

government intervention in industrial technological innovation. This study uses panel data from 81 A-share listed integrated … circuit companies in China for 2011-2019 to analyze the effects and differences between the two most widely used policy tools …, financial subsidies and tax incentives. The conclusion shows that financial subsidies inhibit technological innovation in the …