Product Market Competition and R&D Investment - Evidence From Textual Analysis on Annual Report of China's Listed Firms

Ziyu Song and Shuming Ren ()
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Shuming Ren: Dalian University of Technology, China

Asian Economics Letters, 2021, vol. 1, issue 4, 1-5

Abstract: We investigate the relationship between product market competition (measured by textual analysis of annual reports) and Research and Development (R&D) investment of China’s listed firms. Empirical results show that competition promotes innovation. Economic policy uncertainty negatively regulates the relationship. In addition, this relationship is affected by the regional heterogeneity of firms.

Keywords: textual analysis; r&d investment; product market competition (search for similar items in EconPapers)
JEL-codes: D4 Q3 (search for similar items in EconPapers)
Date: 2021
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