Li, Haoyang; Wu, Di; Cheng, Jingwei; Chan, Kam C. - In: Borsa Istanbul Review 23 (2023) 2, pp. 322-333
We use a difference-in-difference research design to examine the effect of an exogenous shock to a firm's R&D investment from Chinese regulations regarding technology exports revised in 2008. We document that these technology export restrictions (TERs) decrease a firm's R&D investment....
