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For public officials, the decision to engage in corruption is embedded into abroader set of career considerations. In … punctualevents such as anti-corruption audits. In this paper, we propose a model of corruption with career concerns. We show that …
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Conventional wisdom holds that in non-democracies, a strong central state can reward and punish local administrations through a merit-based promotion system, which should restrain corruption. But much evidence shows that rampant corruption coexists with powerful central governments. This study...
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intra-bureaucracy information is more transparent. In other words, transparency may do more harm than good. We conduct a … case study of the Chinese bureaucracy and provide supportive evidence …
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individuals with career concerns. As a result, herding can also arise from the fear of opposing consensus opinion and the … potential career consequences of being wrong. We empirically test for social learning and career concerns using novel data on … career concerns are an important source of herd behavior in these policy choices. Our findings have implications for the …
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-in-differences estimations to show that outside directorships enhance value for the bank and improve executives' career outcomes, mostly because …
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