SEOUL NATIONAL UNIVERSITY · CENTER FOR LAW & ECONOMICS
Center for Law & Economics, Seoul National UniversityCENTER FOR LAW & ECONOMICS
ECONOMICS · RESEARCH RECORD
Asia PacificMacroeconomics

Industrial Policy via the IPO Market

AT A GLANCE

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This paper studies how China uses access to public equity markets as an instrument of industrial policy. We find that policy-favored status, rather than

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