This paper investigates whether and how import competition affects firm innovation. Using China’s World Trade Organization (WTO) accession as a quasi-natural experiment, we find that import competition reduces firm innovation, which is consistent with the Schumpeterian effect. We also find...

Both the theory of top-down penetration of fashion consumption (Veblen - Simmel model) and the theory of bottom-up fashion consumption have been found consistent with the consumer behavior in the China¡¯s fashion consumer market and the trend of such behavior keeps growing. Therefore, it is...

Uncertainty is essential in collaborative investment in R&D, especially for new production development (NPD). So, commitments (either formal contracts or informal communications) among members in an R&D alliance are often presented to deal with uncertainty. But after uncertainty is realized,...