This paper examines the association between firms' political connection and their voluntary disclosure on government subsidies using a sample of Chinese non-state-owned enterprises. For the sample period 2007-2016, we find that politically connected subsidy-receiving firms provide a lower amount...

This paper examines the effect of anti-subsidy investigation and penalty (through countervailing duties) on disclosure of government subsidy information by Chinese listed firms. We find that firms reduce disclosure of subsidy information when their exported products are facing anti-subsidy...