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The development of high-tech industries in an open economy has become an inevitable requirement for all countries to enhance their competitive advantages and overall national strength. Technological innovation is a direct driving force for promoting high-tech industries' development. The...
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The potential risks associated with controlling shareholders' equity pledges pose significant challenges to capital market stability and development. Therefore, effective mechanisms to constrain equity pledges have become a key focus of scholarly investigation. This study examines the impact of...
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