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 patent applications and new product sales, in China. However, empirical examination on the effects of subsidized loans is insufficient. Using a panel data of manufacturing firms...