The existence of information asymmetry in automobile insurance market has been studied extensively, yet the previous work mainly focus on different characteristics of insureds, and less frequently on different types of claims. We make use of a unique and complete dataset, which enable us to test...

Using panel data from 242 cities in China, we examine the impact of government research and development (R&D) spending on corporate technological innovation. We find that listed firms located in cities with higher government R&D expenditures are more innovative than firms in other cities....