Import Competition, Heterogeneous Preferences of Managers, and Productivity

Cheng Chen, Claudia Steinwender

NBER Working Paper No. 25539
Issued in February 2019, Revised in August 2021

---- Acknowledgments ----

We thank our editor Mary Amiti, two anonymous referees, Laura Alfaro, Pol Antràs, Morten Bennedsen, Richard Blundell, Davin Chor, David Dorn, Taiji Furusawa, Luis Garicano, Matthew Grant, Gene Grossman, Oliver Hart, Réka Juhász, Yao Lu, Hong Luo, Hong Ma, Dávid Nagy, Gianmarco Ottaviano, Nina Pavcnik, Steve Pischke, Andrea Prat, Benjamin Pugsley, Steve Redding, Raffaella Sadun, Antoinette Schoar, Pian Shu, Jagadeesh Sivadasan, Chang Sun, Meredith Startz, Heiwai Tang, Stephen Terry, John van Reenen, Jin Wang and Daniel Xu, as well as seminar participants at various institutions for their comments. Chen acknowledges financial support from the University of Hong Kong and from Hong Kong General Research Fund (project code: 17507916), and Steinwender acknowledges financial support from McKinsey & Co. for acquiring the data. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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