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| R&D Spillover and Stock Return of Chinese High-Tech Enterprises: An Empirical Research Based on the Perspective of Absorptive Capacity |
| Wei Xianhua;Jiang Yimeng;Zhang Yueyan;Li Xianjun |
| School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190,China;Department of Automotive Engineering, Tsinghua University, Beijing 100084,China |
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Abstract High-tech industry is the important unit in the innovation system in China, they could form the research and development (R&D) spillover effect and influence other firms. This paper uses a stochastic frontier production method to capture R&D incoming spil
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Received: 06 April 2016
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