Can correcting the market failures of credence goods promote corporate innovation? Evidence from compulsory food safety liability insurance

Employing a staggered difference-in-differences design, this study examines the impact of China's Compulsory Food Safety Liability Insurance (CFSLI) policy on corporate innovation within the food industry. Empirical results demonstrate that CFSLI implementation significantly stimulated innovati...

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Bibliographic Details

Published in:	Frontiers in Sustainable Food Systems
Main Authors:	Yaodong Wang, Maoguo Wu
Format:	Article
Language:	English
Published:	Frontiers Media S.A. 2025-07-01
Subjects:	credence goods corporate innovation market failure compulsory food safety liability insurance China
Online Access:	https://www.frontiersin.org/articles/10.3389/fsufs.2025.1510759/full