Purpose This study aims to conduct a comprehensive methodological review, exploring the
strategies used to address endogeneity within the realms of corporate governance and …

This paper examines how the investment horizons of a firm's institutional investors affect its
corporate social responsibility (CSR) activities. Using data on US firms' CSR ratings over the …

China has been adopting a “mercantilist” policy by lavishing massive government subsidies
on Chinese firms. Using hand-collected subsidy data on Chinese listed companies, we find …

Government subsidies as a policy instrument are used to alleviate market failure in research
and development (R&D) activities. We aim to understand the influence of government …

Research in the area of public policy towards entrepreneurial finance has traditionally been
focused on financing gaps, and whether or not government programmes successfully …

We consider comprehensive data on crowdfunding in the US, including debt (marketplace
lending), rewards, donations, and equity crowdfunding, to formally test for the first time if …

Abstract During 2013–2017, the new energy industry in China experienced prosperous
growth with the financing support of the government. To evaluate the real performance of …

Purpose The purpose of this paper is to discuss the implication of Japanese government
venture capital (VC) policies for future research and to provide basis for policymakers and …

This study focuses on the estimation of the “monitoring effect,” which is one of the two
sources of value creation (in addition to the “screening effect”), through venture capital (VC) …

Purpose The purpose of this paper is, from a resource accumulation and resource allocation
perspective, to examine the variant effects of government subsidies among firms with …