investment transactions. Perhaps even more striking is the speed of China’s capital market growth. It took merely three decades … for China’s capital market to advance as the world’s second most meaningful market. Chinese firms—many of which are … obstructions, China’s illiberal governance system plays an important role in promoting market regularity, providing investors with …

We provide a firm-level analysis of the relation between corruption and growth for private firms and state …-owned enterprises (SOEs) in Vietnam. We obtain three different measures of the perceived corruption severity from a 2005 survey among … 741 private firms and 133 SOEs. Our analysis shows that corruption hampers the growth of Vietnam's private sector, but is …

relevant role of country-level development, institutions, and corruption. I find that out of a full set of ten different growth …, legal systems and property rights, and lower levels of corruption, firms face lower levels of financing constraints. I … provide novel empirical evidence that both firm- and country-level corruption hinder firms' access to financing …