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deduction for qualified angel and VC investment in China as a quasi-natural experiment. We find that the tax incentive increases … substitution between eligible and non-eligible investments. There is no evidence that the tax incentive lowers investment quality …
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high-growth entrepreneurs. Our respondents together account for nearly $1 trillion in assets under management. Each … respondent evaluates synthetic profiles of potential investment partners, whose characteristics we randomize, under the real …
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This paper investigates venture capitalists' monitoring of managerial behaviour by examining their impact on CEO pay-performance sensitivity across various controlling structures in Chinese firms. We find that the effectiveness of venture capitalists' monitoring depends on different types of...
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We examine the non-linearity between financial development and economic growth in China. Specifically, we use a … on growth in high-income provinces, but a strong negative impact on growth in low-income provinces. The results are … to have a negative impact on economic growth. …
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