China's anti-corruption campaign and firm productivity: Evidence from a quasi-natural experiment
Sign Up to like & getrecommendations! Published in 2020 at "China Economic Review"
DOI: 10.1016/j.chieco.2020.101535
Abstract: Abstract We investigate the causal effects of the anti-corruption campaign on firm-level total factor productivity (TFP) in China. We employ a difference-in-differences estimation to show the following results. (1) The anti-corruption campaign substantially improves TFP… read more here.
Keywords: corruption campaign; campaign firm; anti corruption;
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
The Impact of the Anti-Corruption Campaign on the Relationship Between Political Connections and Preferential Bank Loans: The Case of China
Sign Up to like & getrecommendations! Published in 2019 at "Emerging Markets Finance and Trade"
DOI: 10.1080/1540496x.2018.1454306
Abstract: ABSTRACT This article investigates the impact of the current anti-corruption campaign on the connection between independent directors with political background (IDPBs) and preferential bank loans of Chinese listed companies. The primary findings of this article… read more here.
Keywords: corruption campaign; bank; anti corruption; bank loans ... See more keywords