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The stained China miracle: Corruption, regulation, and firm performance

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  • Jiang, Ting
  • Nie, Huihua

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.

Suggested Citation

  • Jiang, Ting & Nie, Huihua, 2014. "The stained China miracle: Corruption, regulation, and firm performance," Economics Letters, Elsevier, vol. 123(3), pages 366-369.
    • Handle: RePEc:eee:ecolet:v:123:y:2014:i:3:p:366-369
    DOI: 10.1016/j.econlet.2014.03.026
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    More about this item

    Keywords

    Corruption; Regulation; Ownership; China;
    All these keywords.

    JEL classification:

    • H8 - Public Economics - - Miscellaneous Issues
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions

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