2021 - Peking University HSBC Business School(PHBS)

High-tech firms hold substantial cash reserves We build a parsimonious industry equilibrium model with endogenous

Xiaodan Gao, Jake Zhao*

ARTICLE | Review of Economic Dynamics | Online Published in January 2021

Keywords: Corporate cash saving,R&D adjustment costs,Financial frictions,Knowledge spillover,Innovation uncertainty,Market competition

The past two decades have witnessed the dramatic growth of the photovoltaic (PV) industry in China This study e

Xiangdong Zhu*, Canfei He, Zhutong Gu

ARTICLE | Journal of Cleaner Production | Vol.278, 2021

Keywords: Export, PV product, policy incentives, trade protectionism, industrial relatedness

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