Implicit Government Guarantees and Continuous Innovation in Manufacturing Firms: Incentives or Disincentives? --Micro evidence from A-share listed companies
نویسندگان
چکیده
This paper explores the impact of implicit government guarantees on continuous innovation manufacturing enterprises using A-share listed companies from 2008 to 2017 as research sample. It is found that higher guarantee is, more it inhibits enterprises, and mechanism excessive indebtedness, inefficient investment, rent-seeking cost, zombie further found.
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ژورنال
عنوان ژورنال: SHS web of conferences
سال: 2023
ISSN: ['2261-2424', '2416-5182']
DOI: https://doi.org/10.1051/shsconf/202316303015