We examine the impact of science and technology policies on corporate initial public offering (IPO) outcomes in the context of pilot implementation of the China Industry Technology Innovation Strategic Alliance (CITISA). We find that CITISA significantly facilitates IPO financing by increasing...

Research and development (R&D) is thought to be an important determinant of improvements in living standards, health, and economic security. Yet, U.S. government spending on R&D has fallen over time, with further cuts proposed. Two standard rationalizations for such cuts are: (i) citizens...

Research and development (R&D) is thought to be an important determinant of improvements in living standards, health, and economic security. Yet, U.S. government spending on R&D has fallen over time, with further cuts proposed. Two standard rationalizations for such cuts are: (i) citizens...