In this paper, I study how anti-corruption shocks affect Chinese city leaders through political factions or social networks, or more specifically, how sharing college or workplace connections with government officials who have been investigated for corruption affects the city leaders' economic...

In this paper, I study the peer effects in corruption, or more specifically, how sharing hometown or college ties with other officials who have been investigated for corruption affects an official's likelihood of being investigated for corruption himself. In specifications including fixed...

In this paper, I study the effects of corruption on firm innovation, using a data set that covers the registration and patent application records of the universe of firms in China. I provide empirical evidence that corruption significantly deters innovation. Such effects are stronger for...

We find that the 2013 Chinese anti-corruption campaign remarkably reduced charitable donations from listed companies with strong political connections, and lessened government subsidies to these companies, implying a reciprocal relationship between companies and the government prior to the...

We examine the long-term impact of the slave export, one of the most traumatic events in African history, on firm corruption and corruption-related outcomes using data from over 30,000 firms across 41 African countries from 2006 to 2021. Our results show that the slave export is positively...

This paper examines the impact of financial reporting practices on corruption obstacles for about 150,000 firms across 143 mostly developing countries from 2006–2019. We document a strong positive relationship between the production of audited financial statements (AFS) and corruption...