When the Market Fears the Law: Strategic Investment Relocation and Resilient Patronage Networks

• In Event: Lightning Talk: Technology, Economic Markets, and New Age Politics in the Global Arena

Brief Overview

Judicial reforms in China aimed to curb local favoritism but politically reliant firms adapted by relocating to provincial capitals, sustaining patronage networks and limiting the emergence of rule-based markets.

Authors

• Wenyi Lu, New York University

• Siyuan Fan, University of California, San Diego

• Shangkun Xie, Renmin University of China