Value of corruption in China: Evidence from anti-corruption investigation

Kim, Daniel Sungyeon; Li, Yun; Tarzia, Domenico

doi:10.1016/j.econlet.2018.01.021

Cited by 35 publications

(21 citation statements)

References 21 publications

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“…To avoid inconsistency with the statistical model, we rescale the Index and re-gear the index ranging 0–10 with the lower value indicating minimized corruption and vice-versa. Prior studies have adopted the measures to proxy for corruption perception (Canare, 2017; Gaviria, 2001; Kim et al., 2018; Ozili, 2019; Thakur and Kannadhasan, 2019).…”

Section: Methodsmentioning

confidence: 99%

Corruption perception, institutional quality and performance of listed companies in Nigeria

Ojeka

Adegboye

et al. 2019

Heliyon

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We examine the effect of corruption perception and institutional quality on the performance of firms based on the extracted data for 135 listed companies in Nigeria with timeframe 2013–2017. We first use the Transparency International Corruption Perception Index for the baseline analysis, which evaluates the public officials and politicians’ corruption practices. To capture institutional quality, which depicts the level of law enforcement to curb corruptive practices of the public officials, we use the first component via Principle Component Analysis of six governance indicators extracted from World Bank Governance Indicators. We then use the Generalized Method of Moment (GMM) for the analysis. We find that corruption is negatively related to the market value (TobinQ) and accounting value performance (ROA). Similarly, institutional quality is negatively related to TobinQ and ROA. The results suggest that corruption and institutional quality weaken the market and accounting performance firms in Nigeria. We further compare the extent of corruption and institutional quality on performance between financial and non-financial institution. We find that both corruption and weak institutional environment tend to impair the market and accounting-based performance of non-financial firms, which could be traced to the less regulatory body in such institution compared to the financial institution. We suggest that Nigeria needs more effective and strong mechanisms proactive to curb corruption practices and weak institutional quality.

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Section: Methodsmentioning

confidence: 99%

Corruption perception, institutional quality and performance of listed companies in Nigeria

Ojeka

Adegboye

et al. 2019

Heliyon

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“…A study by Nguyen, Nguyen and Schinckusb (2019) also shows that in a nation with a high degree of trade openness paired with good institution, its domestic market will draw more investors instead of targeting overseas investment markets. Thus, factor of corruption is one of the indicators reflecting institutions and impacts on the performance of stock market (Hooper, Sim & Uppal, 2009;Kim, Li & Tarzia, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Impacts of Corruption Control on Economic Growth in Relationship with Stock Market and Trade Openness

Pham¹

2020

JAFEB

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The study aims to investigate the dual effects of corruption control on economic growth in relationship with the stock market and trade openness in developing countries. The study used difference S-GMM method on the dynamic panel data model in the period (2002-2017) with data collected from the World Bank. The study discovers the dominant impacts of corruption control in the relationship with the stock market on economic growth. At the same time, the study also confirms the overwhelming impact of corruption control in the relationship between trade openness and economic growth in the developing countries. In addition, the study shows that inefficient stock markets in developing countries will not promote economic growth. Meanwhile, the long-standing credit market has a positive impact on economic growth. With the strong development of stock market and trade openness in the period (2002-2017), control on corruption in developing countries does not get better in time with the increase in demand. The findings of this study suggest a number of solutions to strengthen corruption control, leading to the increased efficiency on the stock market and as well as encouraging the positive effects of trade openness to contribute to promoting economic growth in developing countries.

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“…Bernardino et al [39] analyze the determinants of urban political corruption in local governments found that higher salaries and more transparency are connected with less corruption. Daniel et al [40] further recommended that anti-corruption investigation is more effective when top officials are targeted. Although studies are gradually incorporating officials' characteristics related to corruption [41][42][43][44][45][46][47], case study analyses on corrupt officials remain very limited.…”

Section: Literature Reviewmentioning

confidence: 99%

Exploring the Impact of Individual Characteristics Associated with Government Officials on the Severity of Real Estate Corruption

Zhang

Song

et al. 2019

Sustainability

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In China, corruption by government officials in the field of real estate has increased at an unprecedented pace, which poses a huge threat to social sustainability. To date, scholars have primarily focused on the macroscopic determinant factors of corruption such as state intervention and economic competition; however, much less is known about the microscopic determinant factor of corruption. In this study, we use an analytical model to evaluate how individual characteristics of government officials involved in corruption cases influence and predict the scale of corruption in these cases. Based on data collected from 135 cases, the results show that age is not a key factor that affects the severity of real estate corruption; however, characteristics associated with amounts of power and levels of involvement in corruption significantly affect the severity of real estate corruption. Therefore, we propose the following countermeasures: (1) take into account the micro determinants of real estate corruption, (2) focus supervision on officials in charge of departments, key position managers, and top leaders, (3) reform the governance of each phase of real estate development and governmental involvement, and (4) enhance auditing during officials’ tenures and limit the possibility of promoting officials who have participated in corruption.

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Value of corruption in China: Evidence from anti-corruption investigation

Cited by 35 publications

References 21 publications

Corruption perception, institutional quality and performance of listed companies in Nigeria

Corruption perception, institutional quality and performance of listed companies in Nigeria

Impacts of Corruption Control on Economic Growth in Relationship with Stock Market and Trade Openness

Exploring the Impact of Individual Characteristics Associated with Government Officials on the Severity of Real Estate Corruption

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