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- W4205655272 abstract "This paper investigates how political uncertainty affects corporate R&D by exploiting the implementation of the national strategy of innovation-driven development (SID) and the timing of provincial leader turnovers in China as a source of plausibly exogenous variation in uncertainty. We find that uncertainty over provincial leader turnovers after the implementation of SID encourages firm R&D. Firms increase R&D investments by an average of 10.89% in turnover years relative to non-turnover years after the implementation of SID. The effect is stronger in firms subject to higher growth options and in state-owned enterprises." @default.
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- W4205655272 date "2022-04-01" @default.
- W4205655272 modified "2023-10-02" @default.
- W4205655272 title "Political uncertainty, innovation-driven strategy, and corporate R&D" @default.
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- W4205655272 doi "https://doi.org/10.1016/j.ribaf.2021.101612" @default.
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