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This study investigates the influence of government subsidies on recipients’ growth potential and subsequent performance in cultural and creative industries (CCIs). We find that CCI firms significantly increase their R&D expenditure after receiving direct government subsidies. Direct subsidy...
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The transformation and upgrading of small- and medium-sized enterprises (SMEs) need to align with global industrial development trends and can further assist SMEs in sustainable operation. In recent years, major industrial countries, such as Germany, China, and the United States, have promoted...
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