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Innovation is key for economic growth and well-being. The capacity for innovation, however, is profoundly influenced by the quality of local institutions. Although the impact of national institutions on innovation is well-documented, the effects of subnational institutional variations on...
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Indonesia as a democratic, multi-party and developing country. This study uses sample of 1,044 and 543 firm-year observations … result. This study finds that political connection is negatively associated with overinvestment in Indonesia. We also find …
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