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Interest Rate Marketization, Financing Constraints and R&D Investments: Evidence from China
2019
Sustainability
Under the background of the initial completion of Chinese interest rate marketization process, this paper aims to test the actual impact of interest rate marketization on micro-enterprise research and development (R&D) investments financing. Based on the current situation, we put forward the assumption that Chinese enterprises are generally facing financing constraints in R&D investment. The interest rate marketization, which reduced government intervention in fund pricing, helps alleviate
doi:10.3390/su11082311
fatcat:354qmbr6pjccnmg7xd7dvc3a4u