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Author

Zi-Chun Gao

2 papers indexed here

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Oct 2026

Substantive digital transformation and firm value: an industrial policy moderation perspective

It is found that among policy instruments, only direct government subsidies—both digital and general—strengthen this effect, most notably for non-state-owned firms and those in regions with more developed financial markets.

Hui-Zhong Lu, Zi-Chun Gao, Dong-Kun Li · 0 citations

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