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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 …
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Since anecdotal evidence indicates that corruption is rampant in the defence sector globally, we examine the drivers of … firm level corruption risk in the defence industry. Our empirical results indicate that visibility and shareholding are … significant drivers affecting a firm's corruption risk. Large firms and listed firms have lower corruption risk, other things …
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The current study explains how corruption, terrorism, political stability and oil price has an effect on on the Iraq … stock exchange utilizing corruption perception index as a proxy of corruption, global terrorism index as proxy for terrorism … Square method. The results show that the level of corruption, terrorism activities and political stability coefficient is …
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We investigate the formation of market prices in a new experimental setting involving multi-period call-auction asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and/or (2)...
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