Economics

The impact of housing macroprudential policy on firm innovation: empirical evidence from China

M. Chen, H. Zhu, et al.

This insightful study by Mengtao Chen, Haojie Zhu, Yongming Sun, and Ruoxi Jin explores how stricter housing macroprudential policies can actually boost firm innovation by reducing leverage and increasing cash reserves. The findings reveal that this effect is particularly strong in regions with less reliance on housing. Discover how policy can drive innovation!... show more

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