Plausibly Exogenous [1737] - Privatization (11/04/2024)

LHS Variable
Corporate innovation

RHS Variable
Partial privatization

Source of Exogenous Variation
Variation in the expectation of further partial privatization generated by China's split share structure reform, which mandatorily converts non-tradable shares into freely tradable shares and opens up the gate to the further privatization of state-owned enterprises

- Tan, Tian, Zhang, and Zhao (2020), “The real effect of partial privatization on corporate innovation: Evidence from China's split share structure reform”