Found 3 article(s) for author 'anti-corruption'

Corruption, Government Subsidies, and Innovation: Evidence from China

Corruption, Government Subsidies, and Innovation: Evidence from China. Josh Lerner, 2018, Paper, “Governments are important financiers of private sector innovation. While these public funds can ease capital constraints and information asymmetries, they can also introduce political distortions. We empirically explore these issues for China, where a quarter of firms’ R&D expenditures come from government subsidies. Using a difference-in-differences approach, we find that the anticorruption campaign that began in 2012 and the departures of local government officials responsible for innovation programs strengthened the relationship between firms’ historical innovative efficiency and subsequent subsidy awards and depressed the influence of their corruption-related expenditures.Link

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An Analysis of Firms’ Self-Reported Anticorruption Efforts

An Analysis of Firms’ Self-Reported Anticorruption Efforts. George Serafeim, March 2016, Paper, “We use Transparency International’s ratings of self-reported anticorruption efforts to analyze factors underlying the ratings. Our tests examine whether these disclosures reflect firms’ real efforts to combat corruption or are cheap talk. We find that the ratings are related to enforcement and monitoring, country and industry corruption risk, and governance variables. Controlling for these effects and other ratings determinants, we find that firms with lower residual ratings have higher subsequent citations in corruption news events.Link

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