The stained China miracle: Corruption,regulation, and firm performance |
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| Authors: | Ting Jiang Huihua Nie |
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| Affiliation: | 1. School of Economics, Renmin University of China, China;2. Department of Economics, Hong Kong University of Science and Technology, Hong Kong |
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| 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. |
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| Keywords: | H8 L2 L5 P3 |
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