What Affects Innovation More: Policy or Policy Uncertainty?

By Utpal Bhattacharya, Po-Hsuan Hsu, X. Tian, Yan Xu. Journal of Financial and Quantitative Analysis, 2017

501 citations recorded by the source corpus.

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Economic policy uncertainty (EPU) and firm carbon emissions: Evidence using a China provincial EPU index (2020, background): “Bhattacharya et al. (2017) demonstrated that while firms’ innovation activities are not affected by policies, they drop significantly during the period of policy uncertainty.”
Economic Policy Uncertainty And Corporate Cash Holdings (2017, unknown): “While election years are also used in the literature as another measure of policy uncertainty (Julio and Yook, 2012; Bhattacharya et al., 2017; Jens, 2017), we use the BBD index instead because this index accounts for both uncertainties during the election years and non-election years (Gulen and…”
Does Political Corruption Impede Firm Innovation? Evidence from the United States (2019, background): “Bhattacharya et al. (2017) further show that political environment (in particular, policy uncertainty) can be important to technological innovation.”
The Linear and Non-Linear Effects of Internal Control and Its Five Components on Corporate Innovation: Evidence from Chinese Firms Using the COSO Framework (2020, unknown): “Bhattacharya et al. (2017) compare pro-innovation policy vs. policy uncertainty.”