Article ID Journal Published Year Pages File Type
7349326 Economics Letters 2018 5 Pages PDF
Abstract
Using recent anti-corruption investigation in China, we show that Chinese listed firms suffered an aggregate loss of USD 30 billion in firm value due to corruption. Furthermore, we show that anti-corruption investigation is more effective when top officials are targeted.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Value of corruption in China: Evidence from anti-corruption investigation
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