机译:中国企业现金持股和研发的动态演变:外部融资促进渠道
Hunan Univ Business Sch Changsha 410082 Hunan Peoples R China;
Hunan Univ Business Sch Changsha 410082 Hunan Peoples R China;
Hunan Univ Business Sch Changsha 410082 Hunan Peoples R China;
Cash holdings; Ramp; D investment; bank relationship; equity state-ownership; external financing facilitation channel;