Corruption by Design: Bribery in Chinese Enterprise Licensing
نویسندگان
چکیده
منابع مشابه
Corruption in Chinese Privatizations
We document evidence of corruption in Chinese state asset sales. These sales involved stakes in partially privatized firms, providing a benchmark—the price of publicly traded shares—to measure underpricing. Underpricing is correlated with deal attributes associated with misgovernance and corruption. Sales by “disguised” owners that misrepresent their state ownership to elude regulatory scrutiny...
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ژورنال
عنوان ژورنال: Journal of Law, Economics, and Organization
سال: 1996
ISSN: 8756-6222,1465-7341
DOI: 10.1093/oxfordjournals.jleo.a023356