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Common ownership by institutional investors disincentivizes patent-related innovation by significantly reducing the quantity, private value, originality, and generality of patents. Firms lower their patent weapons as competition is relaxed by common ownership. The disincentive impact is...
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This study considers spatial and nonlinear perspectives to examine the heterogeneous role of green technology innovation in the economic development and air quality of Chinese cities. We find that green inventive technology innovation benefits economic development and air quality improvement,...
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