Anticorruption, Government Subsidies, and Innovation: Evidence from China

The authors thank participants in seminars at the Asian Innovation and Entrepreneurship Association, the National Bureau of Economic Research, Purdue University, the Toulouse Network on Information Technology, the University of Chicago, and the University of North Carolina for helpful comments, as well as Ufuk Akcigit, Lee Branstetter (discussant), Nick Bloom, Sabrina Howell, Andrei Shleifer, Toby Stuart (editor), Lee Yen Teik (discussant), Luigi Zingales (discussant), and three anonymous reviewers. J. Lerner periodically receives compensation for advising institutional investors, private equity firms, corporate venture groups, and government agencies on topics related to entrepreneurship, innovation, and private capital. All errors are our own. All authors contributed equally.