Does the Stock Market Boost Firm Innovation? : Evidence from Chinese Firms /

The paper analyses the effect of the stock market on firm innovation through the lens of initial public offering (IPO) using uniquely matched Chinese firm-level data. We find that IPOs lead to an increase in both the quantity and quality of firm innovation activity. In addition, IPOs expand a firm&#...

Descrición completa

Detalles Bibliográficos
Autor Principal: He, Hui
Outros autores: Li, Hanya, Zhang, Jinfan
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Working Papers; Working Paper ; No. 2017/147
Acceso en liña:Full text available on IMF