Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation …

, tracking the institutional innovation during the development of the private economy, this book constructs a common analytical … framework for studies on institutional innovation and the development of the private economy. China’s Private Economy analyzes … innovation and development of the private economy are also made." …