We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …

We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …

This paper studies whether monetary transmission in China is asymmetric. While researchers found an asymmetric … transmission in the U.S. and other economies, China offers a specific rationale for asymmetries: the presence of state … provide evidence of a systematic and sizable asymmetry in the transmission of monetary policy shocks in China. The nature of …

This study analyzes the structure of firms' bank pools in emerging economies characterized by corruption. In the …

blog posts, which exposed corruption in Russian state-controlled companies, had a negative causal impact on their market … minority shareholder conflicts. Taken together, our results suggest that social media can discipline corruption even in a …

over the period 2003-2014 using rich micro-data on corruption and firms. After anti-corruption audits, municipalities … administrative firm level datasets and face-to-face firm surveys, we argue that corruption mostly acts as a tax on the local economy …

recurring econometric problem in corruption-innovation studies. Overall, we find evidence to support the ‘sand the wheels … corruption on firm level innovation is stronger for firms in weak institutional environments than for firms in strong … institutional settings. Practical interventions to promote strong institutional governance are not easy to arrange when corruption …