Political connection and corporate innovation: Evidence from China
Political connection and corporate innovation: Evidence from China
This paper studied the correlation between corporate innovation and Chinese private enterprises’ political connection based on a sample from 2008 to 2016 of all listed Chinese private companies. The empirical results showed that political connection contributed to corporate innovation and increased the corporate innovation output. The study further conducted a Difference-in-Difference approach which utilized China’s 2013 anti-corruption campaign as a natural experiment and the results showed tha