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 …

This paper investigates the effects of political connections and local corruption on the structures of firms' bank … with connected banks; such firms maintain these bank pool structures when corruption is prevalent in their home provinces …. Results demonstrate that local corruption is associated positively with number of banks and diversification of bank ownership …

This study analyzes the structure of firms' bank pools in emerging economies characterized by corruption. In the …

's passage, U.K. firms operating in high-corruption countries experience a drop in firm value, while their non-U.K. competitors …

over the period 2003-2014 using rich micro-data on corruption and firms. After anti-corruption audits, municipalities … administrative firm level datasets and face-to-face firm surveys, we argue that corruption mostly acts as a tax on the local economy …

affiliates and amplified when affiliates are active in government-dependent industries, members of groups with limited corruption … experience, and owned by productive parents. Overall, anti-bribery enforcement actions, which also reduce local corruption levels …, result in reallocation of economic activity and level a playing field disrupted by corruption …

Corruption has become one of the most notoriously persistent and progressively worsening social problems afflicting … impetus for its entrenchment. There is also a growing study establishing an intersection between corruption and governance …. However, any comprehensive analysis of factors responsible for the emergence and entrenchment of corruption in Africa must …

This paper examines how political corruption affects M&A activities. By exploiting the public enforcement of the anti-corruption … corruption increases cross-region takeover activities by 40% and deal volume more than doubles. Further analysis reveals that the … behind these real effects on corporate investments. Reduction in corruption also leads to higher bidder returns and improves …