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This paper explores the nonlinear impact of political connections on corporate innovation by constructing an index of the intensity of political connection using a dataset of A-share listed firms over the period 2008-2017. Results show that the intensity of political connection has an inverted...
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China’s military-civil fusion (MCF) policy has attracted global attention. Since 2010, China has constructed over 30 MCF national demonstration bases (MCFNDBs) to optimise local industrial structure and promote local economic development. However, the evaluation of the actual economic effects...
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