Entertainment and Travel Costs (ETC) is a standard expenditure item for Chinese firms with an annual amount equal to … implications on how to effectively curb corruption …

transaction difficulties. But, such environments often also feature highly interventionist government, and even corruption … political rent seeking is substantial, firm value might rise as economy performance decays. China offers a suitable background …

We use China's recent anti-corruption campaign as a natural experiment to examine the (market expected) equilibrium … consequences of (anti-)corruption. We argue that the announcement of inspections of provincial governments by the Central … Commission for Discipline Inspection (CCDI) on May 17, 2013 represents a significant departure of past norms of anti-corruption …

China, where a quarter of firms' R&D expenditures come from government subsidies. Using a difference-in-differences approach … subsidy awards and depressed the influence of their corruption-related expenditures. We also examine the impact of these … changes: subsidies became significantly positively associated with future innovation after the anti-corruption campaign and …

second from China. In each case, we find that women are far less likely to be investigated for corruption than men. In our … enforcement authorities; in China, female prefectural leaders are as much as 75 percent less likely to be arrested for corruption …We examine the correlation between gender and bureaucratic corruption using two distinct datasets, one from Italy and a …

This paper studies the urban land market in China in 2003--2007. In China, all urban land is owned by the state … sales are viewed as a major venue for corruption, prompting a number of reforms over the years. Reforms now require all … which we call a "two stage auction". The latter type of auction seems more subject to corruption, and to side deals between …

after accidents occur. Our findings emphasize the social costs of political connections, and suggest that appropriate … regulatory incentives may be useful in mitigating these costs …