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We adopt the framework of Schumpeterian creative destruction formalized by Aghion et al. (2009) to analyze the impact of foreign entry on the productivity growth of domestic firms. In the face of foreign entry, domestic firms exhibit heterogeneous patterns of growth depending on their...
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paper explores how Japanese enterprises adjust ownership structures in their affiliates as a portfolio in China. Empirical … results show that: both demand uncertainty and industry growth opportunity in China enhance Japanese enterprises' ownership …
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