Monitoring by institutional investors can act as an important mechanism to promote firm innovation. By investigating Chinese listed firms' patenting between 2002 and 2011, we find that the presence of institutional investors enhances firm innovation. Consistent with the monitoring view, we...

We examine the influences of top management succession on firm strategies in the case of innovation. Our main results show that top manager changes result in less innovation in Chinese listed companies. The evidence supports the hypothesis that succession events exert much pressure on managers...

Will export affect corporate innovation? Using comprehensive data from 2002 to 2016, we find that Chinese firms file more patents in response to international demand. To establish causality, we explore exogenous shock in exchange rate policy in 2005, which converts from a fixed regime into a...