Anticorruption, Government Subsidies, and Innovation: Evidence from China

Published Online:https://doi.org/10.1287/mnsc.2022.4611

References

  • Ansolabehere S, de Figueiredo JM, Snyder JM Jr (2003) Why is there so little money in US politics? J. Econom. Perspective 17:105–130.CrossrefGoogle Scholar
  • Arrow K (1962) Economic welfare and the allocation of resources for invention. Nelson R, ed. The Rate and Direction of Inventive Activity: Economic and Social Factors (Princeton University Press, Princeton, NJ), 609–625.CrossrefGoogle Scholar
  • Bertrand M, Djankov S, Hanna R, Mullainathan S (2007) Obtaining a driver’s license in India: An experimental approach to studying corruption. Quart. J. Econom. 122:1639–1676.CrossrefGoogle Scholar
  • Cai H, Fang H, Xu LC (2011) Eat, drink, firms, government: An investigation of corruption from the entertainment and travel costs of Chinese firms. J. Law Econom. 54:55–78.CrossrefGoogle Scholar
  • Chen T, Kung JK (2019) Busting the ‘princelings’: The campaign against corruption in China’s primary land market. Quart. J. Econom. 134:185–226.CrossrefGoogle Scholar
  • Ding X, Li J (2017) Incentives for Innovation in China: Building an Innovative Economy (Routledge, New York).Google Scholar
  • Fan JPH, Wong TJ, Zhang T (2007) Politically connected CEOs, corporate governance, and post-IPO performance of China’s newly partially privatized firms. J. Financial Econom. 84:330–357.CrossrefGoogle Scholar
  • Gong T, Wu M (2012) A research report on China’s corruption cases during 2000-2009: Empirical analysis of some 2800 corruption cases. Socioling Stud. 27:204–220.Google Scholar
  • Griffin JM, Liu C, Shu T (2022) Is the Chinese anti-corruption campaign authentic? Evidence from corporate investigations. Management Sci. 68:7248–7273.Google Scholar
  • Gul FA, Cheng LTW, Leung TY (2011) Perks and the informativeness of stock prices in the Chinese market. J. Corporate Finance 17:1410–1429.CrossrefGoogle Scholar
  • Hall BH, Jaffe AB, Trajtenberg M (2005) Market value and patent citations. RAND J. Econom. 36:16–38.Google Scholar
  • Hirshleifer DA, Hsu PH, Li D (2013) Innovative efficiency and stock returns. J. Financial Econom. 107:632–654.CrossrefGoogle Scholar
  • Howell ST (2017) Financing innovation: Evidence from R&D grants. Amer. Econom. Rev. 107:1136–1164.CrossrefGoogle Scholar
  • Huntington S (1968) Political Order in Changing Societies (Yale University Press, New Haven, CT).Google Scholar
  • Jaffe AB, Trajtenberg M (2002) Patents, Citations, and Innovations: A Window on the Knowledge Economy (MIT Press, Cambridge, MA).CrossrefGoogle Scholar
  • Kothari SP, Leone AJ, Wasley CE (2005) Performance matched discretionary accrual measures. J. Accounting Econom. 39:163–197.CrossrefGoogle Scholar
  • Lerner J, Seru A (2022) The use and misuse of patent data: Issues for finance and beyond. Rev. Financial Stud. 35:2667–2704.CrossrefGoogle Scholar
  • Li H, Zhou LA (2005) Political turnover and economic performance: The incentive role of personnel control in China. J. Public Econom. 89:1743–1762.CrossrefGoogle Scholar
  • Li B, Wang Z, Zhou H (2018) China’s anti-corruption campaign and credit reallocation to non-SOEs. Working paper, Tsinghua University.Google Scholar
  • National Bureau of Statistics of China (2018) China Statistical Yearbook (China Statistics Press, Beijing).Google Scholar
  • National Bureau of Statistics of China (2021) China Statistical Yearbook (China Statistics Press, Beijing).Google Scholar
  • Nelson RR (1959) The simple economics of basic scientific research. J. Political Econom. 67:297–306.CrossrefGoogle Scholar
  • Organization for Economic Cooperation and Development (2021) Measuring tax support for R&D and innovation. Accessed November 4, 2021, http://www.oecd.org/sti/rd-tax-stats.htm.Google Scholar
  • Rajan RG, Zingales L (1998) Financial dependence and growth. Amer. Econom. Rev. 88:559–586.Google Scholar
  • Wang Y, Li J, Furman JL (2017) Firm performance and state innovation funding: Evidence from China’s Innofund program. Res. Policy 46:1142–1161.CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.