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It remains an open question whether the reduction of external technology dependence (ETD) on foreign countries can improve the total factor productivity (TFP) of China's manufacturing industry. This paper uses the data of China's manufacturing industry from 2000 to 2016, to study the impact of...
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The cases that controlling shareholders expropriate the rights and interests of other shareholders frequently appeared in China, thus, encouraging non-controlling shareholders to actively participate in corporate decision-making was advocated by the public. However, whether non-controlling...
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