Nationalism and Economic Exchange: Evidence from Shocks to Sino-Japanese Relations

We would also like to thank David Hirshleifer, two anonymous referees, seminar participants at the 2012 NBER Chinese Economy Working Group Conference, the 2012 Conference on Financial Economics and Accounting, the 2012 California Corporate Finance Conference, the 2013 NBER Japan Working Group Conference, University of Southern California, as well as Amy Amici, Shiro Armstrong, William Christie, Christina Davis, Harry DeAngelo, Charles Horioka, Takeo Hoshi, Yasheng Huang, Takatoshi Ito, Yi Jiang, Takao Kato, Masahiro Kawai, John Matsusaka, Hugh Patrick, David Weinstein, Bernard Yeung, and Xiaoyun Yu for helpful comments and suggestions. Fisman would like to thank the Chazen Institute of International Business at Columbia Business School for support; Hamao would like to thank CIBER at Marshall School of Business, USC for support; and Wang would like to thank CIBER at Marshall School of Business, USC and China Institute at USC for support. Rong Xu, Kazuo Yamada, and Jane Zhao provided outstanding research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.