Growing up under Mao and Deng: On the ideological determinants of corporate policies

• Main Authors: LIANG, Hao, WANG, Rong, ZHU, Haikun
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2023
• Subjects: Political ideology; political connection; corporate policy; China; Asian Studies; Corporate Finance; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6796; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7795/viewcontent/Ideology_20230611.pdf
• Institution: Singapore Management University

Historically, economic activities have been organized around certain ideologies. We investigate the impact of politicians’ ideology on corporate policies by exploring a unique setting of ideological change—China from Mao to Deng around the 1978 economic reform—in a regression discontinuity framework...