In this paper, based on the incomplete contract perspective, we select the implementation of the Electronic Commerce Law of the People's Republic of China as a quasi-natural experiment to study the tax compliance incentive effects of platform firms. Our study finds that the Chinese experience...

Since 2013, the Chinese government has attempted to make a transition from user-pay PPP to government-pay PPP systems with the aim of facilitating infrastructure investment and government transformation. Whilst the application of government-pay PPP systems can considerably expand the areas where...

When only short-term loans are available, innovative firms may become more reluctant to invest in long-term and highly risky investment projects (i.e., radical innovation). By exploiting the unique situation in China that patenting firms for the first time obtained patent-backed loans (PBLs),...

Chinese universities in recent decades have experienced a wave of surging patenting activities. Is the increase in patenting activities evidence that Chinese universities have been catching up with their counterparts outside of China, or are there low-quality “patent bubbles” with the surge?...