Plausibly Exogenous [1562] - Optimal Ownership (05/13/2024)

LHS Variable
Firm performance

RHS Variable
Optimal ownership choice

Source of Exogenous Variation
Aa major liberalization of China's policy restrictions on foreign ownership — the liberalization allowed previously restricted firms to become fully foreign owned

- Eppinger and Ma (2024), “Optimal Ownership and Firm Performance: An Analysis of China's FDI Liberalization”