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 …

the quality of local institutions. Although the impact of national institutions on innovation is well-documented, the … highlights the critical role of government institutions in driving innovation across China, bringing to the fore important …Innovation is key for economic growth and well-being. The capacity for innovation, however, is profoundly influenced by …

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 …