The Stained China Miracle: Corruption, Regulation, and Firm Performance
Posted: 27 Apr 2014
Date Written: April 25, 2014
Abstract
Regional corruptness in China has a positive effect on the profitability of private firms, but not that of state-owned firms. A natural experiment of exogenous trade policy change suggests that corruption may help private firms circumvent government regulation.
Keywords: Corruption, Regulation, Ownership, China
JEL Classification: H8, L2, L5, P3
Suggested Citation: Suggested Citation
Jiang, Ting and Nie, Huihua, The Stained China Miracle: Corruption, Regulation, and Firm Performance (April 25, 2014). Economics Letters, Vol. 123, No. 3, 2014, Available at SSRN: https://ssrn.com/abstract=2429292
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