The Role of Government in Firm Outcomes
利用中国集体企业与地方政府间地理距离的持久性差异，研究发现政府干预较弱（距离较远）的企业自主性更高、税负更轻、保护主义和反竞争行为更少，且经营绩效、增长率和进入率更高。
Abstract Using a unique setting in China, where the geographic distance between collective firms and local governments is highly persistent because of legal restrictions on land ownership and mobility, we investigate the role of government involvement in small firms. In our analysis of survey responses, we find that weaker government involvement, measured by greater distance from government, is associated with higher firm autonomy and reduced taxes, protectionism, and anticompetitive behavior. In our analysis of firm-level financial data, we find that distant firms have better operating performance, higher growth, and higher entry rates. We find similar results around exogenous government office relocations.