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Economic policy uncertainty and corporate cooperative research and development: Empirical evidence based on Chinese patent data

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  • Zhou, Ling
  • Chen, Peng

Abstract

Based on patent data at the corporate level in China, this paper empirically tests the impact of economic policy uncertainty on corporate cooperative research and development (R&D) by constructing an econometric model. The results reveal that the higher the economic policy uncertainty, the lower the degree of corporate cooperative R&D. Heterogeneity analysis indicates that the negative impact of economic policy uncertainty on corporate cooperative R&D is more pronounced in non-state-owned enterprises and in firms with high financing constraints.

Suggested Citation

  • Zhou, Ling & Chen, Peng, 2024. "Economic policy uncertainty and corporate cooperative research and development: Empirical evidence based on Chinese patent data," Finance Research Letters, Elsevier, vol. 68(C).
    • Handle: RePEc:eee:finlet:v:68:y:2024:i:c:s1544612324008365
    DOI: 10.1016/j.frl.2024.105806
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