NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Insider Trading and Innovation

Ross Levine, Chen Lin, Lai Wei

NBER Working Paper No. 21634
Issued in October 2015

---- Acknowledgments ----

We thank Sumit Agarwal, Utpal Bhattacharya, Gustavo Manso, Huasheng Gao, Harald Hau, Po-Hsuan Hsu, Kai Li, Lee Fleming, Stephen Haber, Yona Rubinstein, Xuan Tian, Xu Yan, Bohui Zhang, participants in the 2015 Entrepreneurial Finance and Innovation around the World Conference in Beijing, participants in the 2015 International Conference on Innovations and Global Economy held by Alibaba Group Research Centre, Zhejiang University and Geneva Graduate Institute of International and Development Studies, and seminar participants at University of California, Berkeley for helpful discussions and comments. 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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