We show that competing downstream firms may rather invest in their inefficient inhouse production than help improve the technology of the efficient supplier, even if this is costless. Even worse, a downstream firm can have strong incentives to decrease the efficiency of the supplier in order to...

This paper explores whether R&D investment has a mediating effect on the relationship between corporate governance and firm performance using unbalanced sample covering 11,634 Chinese listed firms. The study finds out the influence of corporate governance through innovation activities on firm...

The Chinese government distributes enormous government subsidies (GSs) to Chinese companies to achieve high-quality development goals. This study investigates the relationship between GSs and green innovation (GINN) in Chinese listed companies, focusing on the moderating role of marketization....