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Using a recent sample of hi-tech Chinese small and medium-size enterprises (SMEs), we examine whether family-owned businesses (FBs) can show better innovative productivity than non-FBs. We find that family firms produce a higher level of innovative productivity, consuming less innovation input...
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One of the most important outcomes of market reforms in China over the past 20 years has been the emergence of a … significant domestic private sector, which now accounts for almost a third of China's GDP and is by far the country's most …
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