Value of Corruption in China: Evidence from Anti-Corruption-Peking University HSBC Business School(PHBS)

Value of Corruption in China: Evidence from Anti-Corruption

2018-01-01 18:33:00

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.

LINKS

CONTACT US

3D CAMPUS