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&#...
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| 其他作者: | , |
| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2017.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2017/147 |
| 在线阅读: | Full text available on IMF |