Purpose: The purpose of this paper studies the transformation effect of research and development (R&D) subsidies on firm performance in emerging economies from the perspective of capital and product markets. It also studies the mechanisms behind R&D subsidies’ transformation effect....

The current recession has taken a hard toll on California local governments. With declining revenues and increasing costs of providing services, many local governments are struggling to balance their budgets. This paper, based on a survey of California county governments in the summer of 2009,...

Abstract The most recent recession has put considerable stress on state and local government budgets and has pushed public pension reforms to the spotlight. Through the lens of the initiative process, this paper intends to examine the impact of the Great Recession on public pensions in...

In this paper, we investigate how management team R&D experience affects corporate innovation. A finer-grained empirical analysis supports that firms led by managers with R&D hands-on experience are associated with high innovation productivity. Using the mediation effect models, we uncover three...

Over a decade ago, Bretschneider and Gorr proposed two directions for future research in government forecasting: one was to extend the research on developing and evaluating alternative forecasting methods and the other, to look at forecasting as a human activity and examine how organizational...

The past few years have witnessed the rise of local ballot measures in California to limit public employee retirement benefits. What has happened to pension plans in California? Why is there such an attitude change towards public pensions? This paper, based on a survey of California cities,...