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An Econometric Model on the Relations of Chinese Family Firms and Regional R&D Investments

Jun KONGXin-xin LVFan JIANG

School of Economics and Management Northwest UniversityWestchina Economic and Development CenterDepartment of Economics, Texas Tech University

摘要:This study establishes a fixed effect econometric model and data of CSMAR to examine the local family firms affecting province R&D investment and further analyze impact of crowding in or crowding out the public funding to family firms. The regression result shows that a negative impact of local listed family firm on province R&D investment. Moreover, the crowd in effect of local listed family firms is verified. I find that extra 0.16 million public R&D funding received by family firm as one more listed family firm added in a province and additional 0.03 million public R&D funding received by family firm is associated with one million growth in average market value of listed family firm.
会议名称:

2019 International Conference on Computer Science, Communications and Big Data(CSCBD 2019)

会议时间:

2019-03-24

会议地点:

中国北京

  • 专辑:

    经济与管理科学

  • 专题:

    企业经济; 企业经济

  • 分类号:

    F279.2;F273.1

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