The Role of Government in Firm Outcomes
Publication in refereed journal
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香港中文大學研究人員

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摘要Using a unique setting in China, where the geographic distance between Collective firms and local governments is highly persistent due to legal restrictions on land ownership and mobility, we investigate the role of government involvement in small firms. In the analysis of survey responses, we find that weaker government involvement, measured by greater distance from government, is associated with higher firm autonomy and reduced taxes, protectionism, and anti-competitive behavior. In the analysis of firm-level financial data, we find that distant firms have better operating performance and higher growth and entry rates. We find similar results around exogenous government office relocations.
出版社接受日期22.01.2020
著者Ran Duchin, Zhenyu Gao, Haibing Shu
期刊名稱Review of Financial Studies
出版年份2020
國際標準期刊號0893-9454
電子國際標準期刊號1465-7368
語言美式英語

上次更新時間 2021-12-01 於 01:15