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Value of Corruption in China: Evidence from Anti-Corruption

by Daniel S. Kim*, Yun Li, Domenico Tarzia

ARTICLE | Economics Letters | Vol.164, 2008


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
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
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
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 anticorruptioninvestigationismoreeffectivewhentopofficialsaretargeted.
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