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- W4224951946 abstract "From a perspective of coordinating fiscal and monetary policies, this study constructs the government innovation subsidy indicator using the text search method, and examines the impact and mechanisms of government innovation subsidy on corporate research and development (R&D) investment, then investigates how expansionary monetary policy influences this effect. We find that government innovation subsidy can be a booster for corporate R&D by reducing corporate debt financing cost and increasing internal financing, and loose monetary policy suppresses the positive effect of government innovation subsidy on corporate R&D investment. This study offers macroeconomic policy implications that support corporate innovation." @default.
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- W4224951946 date "2022-04-26" @default.
- W4224951946 modified "2023-10-18" @default.
- W4224951946 title "Government innovation subsidy, monetary policy, and corporate R&D investment: evidence from China" @default.
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- W4224951946 doi "https://doi.org/10.1080/19761597.2022.2063145" @default.
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