Luo, Lianfa; Cheng, Zhiming; Smyth, Russell; Yang, Zhiqing - 2023
We use the short-lived, but high-profile, China Top Brand Award to examine the causal effects of nonmonetary awards on … firm innovation. To do so, we create a panel dataset by matching official China Top Brand Award recipients to the … innovation outputs of listed companies. Results from difference-in-differences estimates show that firms that received the China …