Anti-corruption campaign and corporate cash holdings: Evidence from China
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DOI: 10.1016/j.ememar.2021.100843
Abstract: Abstract This paper investigates the impact of anti-corruption efforts on firms' cash holdings using detailed hand-collected data on the downfall of corrupt politicians in China from 2010 to 2015. We find that firms increase cash… read more here.
Keywords: campaign corporate; cash; anti corruption; cash holdings ... See more keywords