conduct a natural experiment that avoids endogeneity, we identify 23 corruption scandals involving high-level government … bureaucrats in China and a set of publicly traded companies whose senior managers bribed bureaucrats or were connected with … persist even if we only focus on the connected firms that were not directly involved in the corruption cases. The relative …

This paper examines the progress of state-owned enterprise (SOE) reform in the People's Republic of China. After …

characterizes China's state sector. The model demonstrates the nature of the bargain between the principals (i.e., officials from … China's State Asset Council) and the agents (large-SOE managers). We derive an indifference payoff point, which maximizes … party in the game. This condition helps to explain the inability of China's political economy system to privatize …

zones, and land parcels purchased by SOEs lead to positive stock market performance. We also show that an anti-corruption …

China's large state-owned enterprises in the past decades. We come up with the views that there are 3 types of incentives … that lead to the expansion of asset size of large SOEs in China. First, the SOE manager is interested in maximizing her …

The Public Institution Reform of China in 2011 effectively downsized public institutions, which is an important …

This paper examines the progress of state-owned enterprise (SOE) reform in the People's Republic of China. After …

The government of China started its anti-corruption campaign in December 2012. Since then, more than 600 government …

This paper adopts a political approach to analyze the relationship between the state and state-owned business in China … discuss their implications for future SOE reform in China. It argues that SOE reform is part of the CCP's effort to rebuild …