Dai, Jing; Liu, Guanchun; Ye, Ziqi; Mao, Haiou; Ye, Yongwei - In: China finance and economic review : CFER 13 (2024) 1, pp. 67-87
the view of vertical industrial chain, this paper examines how downstream competition affects upstream firms' innovation … by downstream competition enhances the marginal revenue of upstream firms' innovation, thus leading to an innovation …, confirming the market size channel. In sum, our findings document that downstream competition can motivate upstream firms to …