Zhang, Huili; An, Ran; Zhong, Qinlin - In: China journal of accounting research : CJAR 12 (2019) 1, pp. 113-133
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 …