As individual investors who act independently can generate only limited influence on
corporate decisions, this paper considers clustered institutional investors connected through …

This paper investigates the impact of research and development (R&D) subsidies on R&D
inputs and their wider economic effects. The empirical analysis employs a structural vector …

This paper proposes that institutional investor ESG activism affects corporate green
innovation through two attention mechanisms: intra-firm allocation of attention and inter-firm …

To carry out the energy transition, the Chinese government's subsidy to renewable energy
enterprises increased from 4.366 billion yuan in 2008 to 7.538 billion yuan in 2017, so what …

Although one of the main reasons why governments offer environmental subsidies to firms is
to encourage environmental innovation, the effectiveness of such measures is unclear. In …

Digital transformation is continuous and costly, thereby posing a challenge to the stability of
firms' cash flow. Tax cuts are conducive to improving cash flow condition. This study …

As an emerging economy, the two-phase innovation inefficiency of China's hi-tech industry
caused by a preferential tax policy should be addressed. Using the SAR Tobit econometric …

As the salient pain during the economic downturn, tax stickiness has been deeply troubling
enterprises. Given the burgeoning academic interest in the role of digital transformation in …

This paper investigates the heterogeneous responses to institutional investor ESG activism
by expanding reference point theory among non-family firms and family firms with different …

Exploring technological innovation efficiency in China's video game industry allows us to
reconceptualize the industry's state of development, identify barriers to technological …