Moshirian, Fariborz; Tian, Xuan; Zhang, Bohui; Zhang, Wenrui - 2020
We investigate the effect of stock market liberalization on technological innovation. Using a sample of 20 economies … that experience stock market liberalization, we find that these economies exhibit a higher level of innovation output after … that allow stock market liberalization to promote innovation. Finally, we show that technological innovation is a mechanism …