A bulk of extant literature suggests that corruption impedes innovation. However, we document the opposite evidence in China—corruption in the form of greasing money enhances corporate innovation outcomes. Our identification strategy exploits China’s anti-corruption campaign as a shock to...

Digitalization has opened up a wealth of new goods and services with strong consumer appeal alongside potential emission-reduction benefits. Examples range from shared, on-demand electric mobility and peer-to-peer trading of electricity, food, and cars to grid-responsive smart appliances and...

Purpose The way to measure the value of an enterprise's R&D investments remains elusive for theoretical and empirical study on innovation economics. The paper aims to discuss this issue. Design/methodology/approach This paper expands the asset-value model pioneered by Griliches (1981) and...