Growing up Under Mao and Deng: On Politician Ideology and Corporate Policies

The authors thank the editor Lin William Cong and two anonymous referees; Hanyu Zhang, Shuyu Xue, and Zilin Chen for excellent research assistant work; and Fabio Braggion, Claudia Custodio, Mara Faccio, Eliezer Fich, Fangjian Fu, Zuzana Fungáčová, T. Clifton Green, Zhihui Gu, Ron Masulis, Niels Hermes, Dashan Huang, Feng Jiang, Peter Koudijs, Roger Loh, Song Ma, Christopher Marquis, Roni Michaely, Thomas Lambert, Lilian Ng, Clemens Otto, Kunyuan Qiao, Martin C. Schmalz, Changcheng Song, Jun Tu, Chishen Wei, Fei Xie, Gloria Yu, Bohui Zhang, Joe Zhang, Wei Zhang, Matthijs Korevaar, Linxiang Ma, seminar participants at University of Groningen, Erasmus University Rotterdam, Singapore Management University, PBC School of Finance at Tsinghua University, The Chinese University of Hong Kong, Shenzhen, The University of New South Wales, Deakin University, UNSW, Monash, University of Melbourne, University of Houston, Northeastern University, and Baruch College (CUNY), SUNY Buffalo, and participants at the Workshop on Finance and Politics (Helsinki 2020), the 17th Corporate Finance Day (Liège 2020) and CKGSB-SMU Joint Workshop for many helpful comments and suggestions.