More Government Subsidies, Worse Future Earnings-Evidence from China
DOI:
https://doi.org/10.33423/jmpp.v21i1.2825Keywords:
Management Policy and Practice, government subsidy, future earnings, Necessity, ChinaAbstract
This paper examines the relationship between government subsidies and future earning. Firms are more likely to achieve worse future earnings when they received more subsidies. Subsidies with lower necessity will worsen future earnings. Whichever measures we use, the more subsidies will lead to a worse future performance.
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Published
2020-07-22
How to Cite
Feng, Y., & Song, L. (2020). More Government Subsidies, Worse Future Earnings-Evidence from China. Journal of Management Policy and Practice, 21(1). https://doi.org/10.33423/jmpp.v21i1.2825
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