Do mandatory pension contributions hinder innovation? Empirical evidence
This paper empirically investigates the effect of mandatory pension contributions on firm innovation. We find that firms with mandatory contributions experience a decline in their innovation output. This effect is stronger for firms with financial constraints, more short-term institutional investors...
Main Authors: | Hao Shen, Haizhi Wang, Zehui Wang, Desheng Yin |
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Format: | Article |
Language: | English |
Published: |
KeAi Communications Co., Ltd.
2020-06-01
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Series: | International Journal of Innovation Studies |
Subjects: | |
Online Access: | http://www.sciencedirect.com/science/article/pii/S2096248720300199 |
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