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This paper examines the impact of capital imports on firms’ export quality upgrading with a subsidy policy for advanced capital imports implemented in China since 2008. Using a matched dataset of firms’ production and custom databases, we employ a DiD strategy that exploits firms’...
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Purpose – The paper aims to test the rational‐expectations hypothesis using data from the Chinese stock market. Design/methodology/approach – The rational‐expectations hypothesis plays a critical role in economic and financial studies. However, it is unclear whether this hypothesis is...
Persistent link: https://www.econbiz.de/10014901481
Purpose – The paper aims to test the rational-expectations hypothesis using data from the Chinese stock market. Design/methodology/approach – The rational-expectations hypothesis plays a critical role in economic and financial studies. However, it is unclear whether this hypothesis is...
Persistent link: https://www.econbiz.de/10010815102