This paper investigates how policy certainty affects firm innovation activities.The identification hinges on the overlap of the elite dualism system in China. Naturally, a city Party leader served as the prior mayor in the same city is more likely to carry out the policy decisions made by the...

This study identifies information accessibility as a determinant of corporate innovation. Using the sudden termination of Google's search services in China, we find a persistently large negative effect on the intensity and quality of innovation among firms relying on foreign technology. The...

Strong future-time reference (FTR) languages require speakers to grammatically mark future events, while weak-FTR languages do not. Using data from 33 countries, we find that firms in countries where strong-FTR languages are spoken are less likely to engage in innovative activities than those in...

This paper investigates the impact of higher education on corporate innovation. To establish causality, we exploit a policy-induced exogenous shock in the supply of Chinese college-educated labor starting in 2003. Using a difference-in-differences approach, we find that Chinese firms in skilled...