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Equilibrium Consequences of Corruption on Firms : Evidence from China’s Anti-Corruption Campaign
Ding, Haoyuan - 2020
We use China's recent anti-corruption campaign as a natural experiment to examine the (market expected) equilibrium …
Persistent link: https://www.econbiz.de/10012479180
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Anti-Corruption Reforms and Shareholder Valuations : Event Study Evidence from China
Lin, Chen - 2016
Consistent with reduced expected corruption adding value overall, Chinese shares rise sharply on the December 4th 2012 launch of major anti-corruption reforms, which started by curtailing extravagant spending by or for Party cadres. SOEs gain broadly, consistent with the reform cutting their top...
Persistent link: https://www.econbiz.de/10012456672
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Do Government Audits Reduce Corruption? Estimating the Impacts of Exposing Corrupt Politicians
Avis, Eric - 2016
Political corruption is considered a major impediment to economic development, and yet it remains pervasive throughout the world. This paper examines the extent to which government audits of public resources can reduce corruption by enhancing political and judiciary accountability. We do so in...
Persistent link: https://www.econbiz.de/10012456234
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Can Electronic Procurement Improve Infrastructure Provision? Evidence From Public Works in India and Indonesia
Lewis-Faupel, Sean - 2014
Poorly functioning, and often corrupt, public procurement procedures are widely faulted for the low quality of infrastructure provision in developing countries. Can electronic procurement (e-procurement), which reduces both the cost of acquiring tender information and personal interaction...
Persistent link: https://www.econbiz.de/10012458323
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Organized Crime and Economic Growth : Evidence from Municipalities Infiltrated by the Mafia
Fenizia, Alessandra; Saggio, Raffaele - National Bureau of Economic Research - 2023
This paper studies the long-run economic impact of dismissing city councils infiltrated by organized crime. Applying a matched difference-in-differences design to the universe of Italian social security records, we find that city council dismissals (CCDs) increase employment, the number of...
Persistent link: https://www.econbiz.de/10014447323
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Spatial Misallocation in Chinese Housing and Land Markets
Deng, Yongheng - 2020
Housing and land prices in China have experienced dramatic hikes over the past decade or two. Moreover, housing and …
Persistent link: https://www.econbiz.de/10012481813
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China's Land Market Auctions : Evidence of Corruption
Cai, Hongbin - 2009
This paper studies the urban land market in China in 2003--2007. In China, all urban land is owned by the state …
Persistent link: https://www.econbiz.de/10012463582
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Understanding the Resurgence of the SOEs in China : Evidence from the Real Estate Sector
Fang, Hanming; Wu, Jing; Zhang, Rongjie; Zhou, Li-An - National Bureau of Economic Research - 2022
We advance a novel hypothesis that China's recent anti-corruption campaign may have contributed to the recent … resurgence of the state-owned enterprises (SOEs) in China as an unintended consequence. We explore the nexus between the anti …
Persistent link: https://www.econbiz.de/10012814463
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Corruption, Government Subsidies, and Innovation : Evidence from China
Fang, Lily - 2018
China, where a quarter of firms' R&D expenditures come from government subsidies. Using a difference-in-differences approach …
Persistent link: https://www.econbiz.de/10012480749
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Measurements, Determinants and Causes of Corruption : Lessons from China's Anti-Corruption Campaign
Fang, Hanming - National Bureau of Economic Research - 2023
Corruption is a widespread phenomenon in many developing and transitional economies. China is a country in profile both … in the prevalence of corruption, and in its attempts to root out corruption. The recent anti-corruption campaign in China … on the measurements that highlight the city-level heterogeneity of corruption in China, and present simple frameworks to …
Persistent link: https://www.econbiz.de/10014287377