enhancing political and judiciary accountability. We do so in the context of Brazil's anti-corruption program, which randomly …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 …

changes: subsidies became significantly positively associated with future innovation after the anti-corruption campaign and …, we find that the anticorruption campaign that began in 2012 and the departures of local government officials responsible … subsidy awards and depressed the influence of their corruption-related expenditures. We also examine the impact of these …

possible to establish robust bounds on equilibrium corruption using only non-verifiable reports. Our analysis suggests a simple …

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 …

Can campaign promises change voter behavior, even where clientelism and vote buying are pervasive? We elicit …

We study the causes and consequences of patronage in Brazilian cities since the country's re-democratization. We test … patronage for public finances. Our data consist of the universe of public sector employees merged with their party affiliations …, and a dynamic regression discontinuity design is applied to disentangle patronage from the growing political participation …

as a result of voluntary disclosure and in turn increases firm value. This suggests that managers can causally influence … their cost of capital via voluntary disclosure …

We present evidence that complex disclosure can result from the strategic incentives to shroud information. We … make their reports. We find that senders use complex disclosure over half the time. Most of this obfuscation is profitable …

This essay reviews the theoretical and empirical literature on quality disclosure and certification. After comparing … quality disclosure with other quality assurance mechanisms and describing a brief history of quality disclosure, we address … government mandate disclosure? and (iii) Do certifiers necessarily report unbiased and accurate information? We further review …