address this concern in China, the 18th National Congress of the Communist Party of China instituted a new anti-corruption … policy. In this paper, we examine the impact of this recently enacted anti-corruption policy on the investment efficiency of … effectively restrained the excessive investment behavior of government-subsidized enterprises. Further, we find that the anti-corruption …

This paper investigates the impact of institutional reform in the form of anticorruption on corporate investment …-related uncertainty tends to lower corporate investment. Second, corporate bribery spending decreases during high uncertainty related to … anticorruption, thus suggesting that the anticorruption effort of the Vietnamese government is not only for show. Third, investment …