Lin, Chen; Morck, Randall; Yeung, Bernard; Zhao, Xiaofeng - In: The Journal of finance and data science : JFDS 9 (2023), pp. 1-21
China's markets gained 3.86% around December 4, 2012, when the Party announced anti-corruption reforms. State … liberalized provinces, especially those with high past ETC. These findings support investors' expect reduced official corruption …