officials' corruption investigations, we find that, on average, investors do not realize that officials under investigation are …

We examine the impact of China's anti-corruption campaign on firm-level financial reporting quality (FRQ). As an … important component of the anti-corruption campaign, in October 2013, “Rule 18” was issued to prohibit party and government …

We examine the effect of corruption costs on corporate disclosure of major customers. Using a panel data set for … potential sales-related corruptions respond to the Chinese anti-corruption campaign by reducing the disclosure about their …

、道德和认知障碍并将腐败参与者的交易安全风险、道德成本和认知失调最小化。目前学界通常认为：是中国的“关系”文化诱发了腐败。本文持相反观点：即，是腐败制造了“关系”文化，因为“关系”作为一种替代市场的非正式交换机制是腐败的必要组成部分。 Unlike most current academic studies on corruption in China, which focus on the theme of how the political, economic and … corruption in China is not due to some haphazard aggregation of sporadic acts but follows certain rules and codes of conduct … social environments have caused corruption at the macro-level, this paper takes a micro-view. It is concentrating on the …

Exploiting China's anti-corruption campaign, we show that following a decrease in corruption, firm performance improves …. Small and young firms benefit more. We identify the channels through which corruption hampers firm performance. Following … the anti-corruption campaign, the allocation of capital and labor becomes more efficient. Firms operating in ex ante more …

We provide a novel empirical finding that the recent anti-corruption investigations in China are associated with credit … political connection channel, through which the anti-corruption campaign leads to improved credit reallocation …

We examine whether political corruption impedes mergers and acquisitions (M&As) decisions. Using a comprehensive sample … of Chinese firms, we find that corruption has a substantial, negative relation with the firm acquisitiveness. Further … attenuated by the Anti-corruption Campaign in 2012. Our results exist after a series of robustness tests. Additional tests show …

Corruption of public officials, in particular bribery, has long been recognized as a potentially serious problem in … legislation in the world to recognize and seek to curb the contribution of domestically based corporations to foreign corruption … internationalization of anti-corruption efforts and recent increased and expanded domestic enforcement reduce the potential costs to …

I study the impact of foreign anti-corruption laws using a setting that exploits US multinational firms' differential … the UKBA, US firms subject to its jurisdiction curb their business in high-corruption-risk countries, relative to their … provide empirical evidence of the effects of foreign anti-corruption laws on US firms. This evidence supports …

payoffs of tax bribery are mitigated by 45.4% after the implementation of China's anti-corruption campaign in 2012. These …