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a country. I collect close to 40,000 articles from Chinese newspapers about officials caught during Xi Jinping's anti-corruption … newspapers underreport corruption scandals involving high-level officials from their own province compared to officials from … well connected. When newspapers do report high-level corruption at home, they deemphasise these stories, by making them …
Persistent link: https://www.econbiz.de/10012897794
directives, this paper examines how media coverage is distorted by censorship and corruption to the benefit of China's entrenched …Pervasive media censorship in China is often seen as a strictly political issue. Although in recent years reporters …
Persistent link: https://www.econbiz.de/10012947190
that firms linked to members of China's supreme political elites — the Politburo — obtained a price discount ranging from … promoted to positions of national leadership. To curb corruption, President Xi Jinping stepped up investigations and … reduction in corruption of between 50.1% and 43.6% in the provinces either targeted by the central inspection teams or whose …
Persistent link: https://www.econbiz.de/10012908696
This paper documents the clientelism in anti-corruption investigations across the interpolitician network in the … context of China. Patronage connections to highly ranked politicians (i.e., Politburo of the Communist Party of China) make … paper contributes to the on-going debate on the motivations of the incumbent government in anti-corruption campaigns …
Persistent link: https://www.econbiz.de/10012851655
Using transactions conducted by publicly listed firms in China’s primary land market during 2000-2012 as a case study …, we confirm that political connections are essentially corruption. By constructing unique measures to partial out the key … seller, and during unannounced anti-corruption audit campaigns …
Persistent link: https://www.econbiz.de/10013232840
macro-level and institutional data and applying the GMM estimation method, the study finds that corruption (a proxy of the … debate regarding the political extraction-cash holdings relationship by examining a context under which corruption is likely …
Persistent link: https://www.econbiz.de/10014500521
corruption, may affect the access to credit for micro, small, and medium-sized enterprises (MSMEs). Using a sample of 68 …-2014, we investigate whether the level of corruption affects their demand for bank loans. Overall, we find that the degree of … corruption seems to play a role in the applications for bank loans when small firms are under investigation. Interestingly …
Persistent link: https://www.econbiz.de/10011671595
This paper focuses on the effect of relative performance evaluation (RPE) on top managers’ compensation in Chinese public firms. Overall, we find no evidence of an RPE effect or any asymmetry in firms’ use of RPE. The results obtained using Albuquerque’s (2009) method are similar to those...
Persistent link: https://www.econbiz.de/10011825215
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …
Persistent link: https://www.econbiz.de/10003225948
This book is based on an empirical study of China’s leading resources and metals companies and seeks to examine the … comparable foreign companies. The Chinese companies selected for this study included: Sinopec, PetroChina, China National … Offshore Oil Corporation (CNOOC) and the metals companies Aluminium Corporation of China (Chalco) and Baosteel. Comparisons …
Persistent link: https://www.econbiz.de/10014202573