Template-Type: ReDIF-Article 1.0 
Author-Name: Ziyu Song
Author-Name: Shuming Ren
Author-Email:  ziyu@mail.dlut.edu.cn
Author-Workplace-Name:  Dalian University of Technology, China
Title: Product Market Competition and R&D Investment - Evidence From Textual Analysis on Annual Report of China's Listed Firms
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.
Classification-JEL:  D4,Q3
Keywords:  textual analysis,r&d investment,product market competition
Journal:  Asian Economics Letters
Pages: 1-5
Volume: 1
Issue: 4
Year:  2021
DOI:  2021/06/27
File-URL:  https://a-e-l.scholasticahq.com/api/v1/articles/17663-product-market-competition-and-r-d-investment-evidence-from-textual-analysis-on-annual-report-of-china-s-listed-firms.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnael:14