| Abstract: |
| This paper focuses on evaluating the impact of financialization on R&D input of listed companies in China based on Heckman two-step approach. The results indicate there exist significant and negative relationship between financialization and R&D input of firms (both R&D decision and R&D input intensity). Simultaneously, we further find that financialization have heterogeneous effects on R&D input of listed companies in China. |
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