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We investigate the impact of state ownership on the innovativeness of European listed firms. We find that state-owned enterprises (SOEs) invest more in R&D than private firms, thanks to easier access to bank financing. However, SOEs controlled by politicians with electoral concerns and SOEs with...
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Prior research suggests that executive option grants that do not quickly vest provide managers with better incentives to pursue long-term, rather than short-term, objectives. Previous research also suggests that the pursuit of long-term objectives may be undermined by the risk of early...
Persistent link: https://www.econbiz.de/10013068453
most heavily polluting enterprises in China from 2008 to 2016 as a sample to empirically test the influence path and …
Persistent link: https://www.econbiz.de/10012834518
In this paper, we investigate the innovative efficiency of SOEs in China. Innovative efficiency refers to output of …
Persistent link: https://www.econbiz.de/10012835354
.S., Europe, and China, is consistent with this view, that reductions in state ownership are associated with an increase in patent …
Persistent link: https://www.econbiz.de/10012935251
We compare innovation strategies of public and private firms based on a large sample over the period 1997-2008. We find that public firms' patents rely more on existing knowledge, are more exploitative, and are less likely in new technology classes, while private firms' patents are broader in...
Persistent link: https://www.econbiz.de/10012973433
This paper investigates the impact of the ongoing mixed-ownership reform on the innovation activities of SOEs in China …
Persistent link: https://www.econbiz.de/10013233664
recurring econometric problem in corruption-innovation studies. Overall, we find evidence to support the ‘sand the wheels … corruption on firm level innovation is stronger for firms in weak institutional environments than for firms in strong … institutional settings. Practical interventions to promote strong institutional governance are not easy to arrange when corruption …
Persistent link: https://www.econbiz.de/10013403824