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Using data from China’s listed firms, we examine the relation between foreign residency rights (FFRs) and corporate innovation. The empirical results show that FFRs decrease corporate innovation. We further find that FFRs hinder corporate innovation by raising the financing cost. Moreover, the...
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This paper investigates optimal decisions for private banking development in China under two innovative organizational structures-the big retail mode (BRM) and the independent development mode (IDM). Under the BRM, the retail and private banking divisions form a cooperative relationship wherein...
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