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anti-corruption, marketisation and firm behaviours: evidence from firm innovation in China

Economic and Political Studies 2016年第1期4卷 39-61页

作者： Li Dang Ruilong Yang School of Economics at Renmin University of China BeijingChina

China has launched an anti-corruption campaign since theEighteenth CPC National Congress, which has exerted widespreadinfluences on Chinese politics and economy. This paper examinesthe effect of the anti-corruption initiative on firm behaviours fromthe perspective of research and development (R&D) investments. Itshows that pursuing political connections and improving innovation are two mutually exclusive alternatives for firm growth inChina. The anti-corruption campaign raises the cost of seeking forpolitical bond and strengthens the incentive for firm *** anti-corruption policies and regulations were issued, R&Dexpenditure in politically connected firms increases significantly;the anti-corruption initiative has positive effects on firm *** research shows that the effects vary with different types offirms. For state-owned enterprises (SOEs), the anti-corruptioninitiative only increases the R&D investments of firms with seniorexecutives who used to serve in the government;while for nonstate-owned enterprises (non-SOEs), this campaign has all-aroundpositive effects on their R&D investments. In the meantime, a heterogeneity at the provincial level is observed: R&D investments offirms with political connections increase more significantly in provinces with more intense anti-corruption efforts. Finally, marketisation also has a role to play. For regions with a more developedmarket economy, anti-corruption increases the innovation of firmswith political connections;whereas in regions with a less developed market economy, this effect is insignificant. This paper provides evidence for the opinion that anti-corruption is favourable toeconomic growth in China. To solve the endogeneity problem, ituses data obtained from the anti-corruption policy experimentsince the Eighteenth CPC National Congress and the difference-indifferences (DID) method to further test the hypotheses.

关键词： anti-corruption DID firm innovation political connections

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anti-corruption, government subsidies, and investment efficiency

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China Journal of Accounting Research 2019年第1期12卷 113-133页

作者： Huili Zhang Ran An Qinlin Zhong Business School Beijing Normal University School of Business Renmin University of China

The problem of corruption in socio-economic development has long been a focus of academics and practitioners. To address this concern in China, the 18th National Congress of the Communist Party of China instituted a new anti-corruption policy. In this paper, we examine the impact of this recently enacted anti-corruption policy on the investment efficiency of subsidized enter- prises from the perspective of government subsidies. We conclude that govern- ment subsidies have a significant positive impact on the overinvestment behavior of enterprises and that the anti-corruption work done by the govern- ment has effectively restrained the excessive investment behavior of government-subsidized enterprises. Further, we find that the anti-corruption policy is more effective in restricting overinvestment in subsidized stateowned enterprises than in non-state-owned enterprises. We examine the impact of the anti-corruption policy on excessive investment caused by government subsidies and enrich the body of research related to investment *** also provide empirical support for further research on the anti-corruption policy at the macro-market and micro-enterprise levels. The findings highlight the need to establish new cooperation between governmentand enterprises, to rationalize the distribution of administrative resources, and to promote the sustained and healthy development of the national economy.

关键词： anti-corruption Government subsidies Investment efficiency Type of controlling shareholders

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Are foreign monks better at chanting? The effect of ‘airborne’ SDICs on anti-corruption

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Economic and Political Studies 2016年第1期4卷 19-38页

作者： Huihua Nie Mengqi Wang School of Economics and Microdata and Empirical Method Research Center(MEMR) Renmin University of China(RUC)BeijingP.R.China National School of Development Peking UniversityBeijingChina

The independence of supervision agency is of great importance for *** the leadership transition of the provincial Congress of the Chinese Communist Party in 2006,Secretaries of Discipline Inspection Commission(SDICs)were suddenly dispatched from the centre or transferred from another province in China(‘airborne’SDICs)to enhance their independence in inspecting corruption *** investigate the effect of this policy reform,we collect data of SDICs and anti-corruption in 31 provinces from 2003 to 2014,and evaluate this policy using the difference-in-differences econometrics *** find that there is no significant effect of these‘airborne’SDICs whether from the centre or another province on *** result is robust to different measurements of anti-corruption and *** argue that the dispatch of external SDICs is not enough to ensure the independence of supervision agency,because local discipline inspection commissions(DICs)are still subject to local Chinese Communist Party committees in terms of personnel,funds and *** paper has important policy implications for the current anti-corruption campaign in China.

关键词： anti-corruption China corruption Secretaries of Discipline Inspection Commission

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The impact of anti-corruption measures and risk effects on equity incentives and financial misreporting in China

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China Journal of Accounting Research 2022年第1期15卷 94-121页

作者： Zili Su Constantinos Alexiou School of Finance Central University of Finance and EconomicsBeijingChina TIAS School for Business and Society Tilburg UniversityTilburgNetherlands Cranfield School of Management Cranfield UniversityCranfield UK

This study examines the effects of anti-corruption and equity incentive risk on financial misreporting in the context of China’s unique corporate ownership structure and governance *** a sample comprising 2,708 cases of financial restatement over the 2007-2017 *** key findings suggest that managers’shareholdings are significantly and positively associated with their firms’financial misreporting,and certain equity risk factors dramatically alter Chinese corporate ***,managers’motivation to misreport is significantly more pronounced in non-state owned enterprises(nonSOEs),suggesting that equity incentive risk effects mitigate the"absence of ownership"problem believed to affect *** in highly competitive industries and firms with low institutional ownership are found to be highly motivated to misreport performance.

关键词： Equity incentives anti-corruption SOEs Non-SOEs Financial misreporting Risk effects

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anti-corruption needs a Party law

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International Journal of Technology Management 2015年第7期 106-108页

作者： Defang Zhou Minzu University of China Law School Beijing 100081

The tide of anti-corruption swept across China, anti-corruption within the Party is a top priority. It needs sound legal regulation, but now our country doesn＇ t have a specific law to regulate the Party, leading to Party members has not been well constrained about the execution of the power. The author analyzes the necessity of making a Party law from the perspective of curbing corruption, and puts forward some suggestions on strengthening the supervision function of Party law.

关键词： anti-corruption Party law Execution of power Supervise.

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SPECIAL ISSUE： anti-corruption STRATEGIES IN TRANSITIONAL CHINA --China＇s System of anti-corruption Charges： The Tightening-up Process and Future Development

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Social Sciences in China 2011年第4期32卷 128-147页

作者： Yu Zhigang Crimiual Justice College China University of Political Science and Law

In step with reform and opening up, the Chinese system of anti-corruption charges has been progressively refined and elaborated. Its successive refinements and comprehensive transformation have resulted in a tight-knit network of anti-corruption criminal law and a dual system of charges. This system has made a remarkable contribution to combating corruption over the last three decades. More than the outcome of the natural evolution of legal logic, it also involves complex considerations of social transformation and reflects lawmakers＇ expectations of being able to prevent corruption at the institutional level. With the deepening and widening of reform and opening up, China＇s system of anti-corruption charges will inevitably develop towards the thorough abolition of the dual system of charges and the complete restoration of the unitary system.

关键词： anti-corruption system of charges reform and opening up legislative model crime of abusing one's position

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The Relevance of Nigeria＇s Freedom of Information Act （2011） to the Country＇s anti-corruption War

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Journalism and Mass Communication 2016年第12期6卷 757-762页

作者： Chike Walter Duru Justice For All/British Council Abuja Nigeria

This essay is centred on Nigeria＇s Freedom of Information Act, with special interest in its relevance in the country＇s anti-corruption war. The paper reiterates that the law was passed to enable the public to access certain government information, in order to ensure transparency and accountability. The FOI Act aims to make public records and information more freely available and to protect public records and information, in accordance with the public interest and protection of personal privacy. It enables citizens to hold the government accountable in the event of the misappropriation of public funds or failure to deliver public services. It also seeks to protect serving public officers against any adverse consequences from the unauthorized disclosure of certain kinds of official information, and to establish procedures for the achievement of these purposes. The Act further regulates conflicts between its provisions and those of other legislations. The paper contends that Freedom of Information is a fundamental indicator of economic development and progress, civic engagement and a properly functional democracy in every economy, describing it as a promising start in ensuring good governance and rule of law in Nigeria. The paper stresses the need for vigorous implementation of the FOI Act if the country is to make any significant breakthrough in the enthronement of good governance, transparency and accountability, adding that a strengthened FOI regime will enhance citizens＇ demand for accountability and check corruption in Nigeria.

关键词： Freedom of Information Act good governance anti-corruption Nigeria

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SPECIAL ISSUE： anti-corruption STRATEGIES IN TRANSITIONAL CHINA-- China＇s anti-corruption Strategies from the Viewpoint of Criminal Justice

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Social Sciences in China 2011年第4期32卷 176-191页

作者： Xiong Qiuhong Institute of Law Chinese Academy of Social Sciences

A high incidence of corruption cases is a conspicuous feature of China＇s present stage of social transition. Responding to the demands of combating corruption, Chinese criminal justice has developed a unique set of investigative methods and principles for handling of such cases, placing a high value on relying on the masses to find and act on cases of corruption and promptly adjusting its focus to the key areas of such crimes. It concentrates on enhancing investigative capacity and strengthening the standardization of anti-corruption criminal justice. These practices represent the concrete embodiment in the field of criminal justice of the government＇s anti-corruption strategies. At the same time, China also faces some challenges in adjusting these procedures to accord with international practice. This is one of the aims of the judicial reform in China.

关键词： anti-corruption social transformation criminal justice Judicial reform

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SPECIAL ISSUE： anti-corruption STRATEGIES IN TRANSITIONAL CHINA --Construction of anti-corruption Institutions and Culture in Traditional China and Its Implications for Modern China

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Social Sciences in China 2011年第4期32卷 162-175页

作者： Song Ling Law School Minzu University of China

China has a rich tradition of anti-corruption institutional design and cultural construction. anti-corruption institutions in traditional China were based on a detailed system of anti- corruption charges as well as a dynamic system of prevention, monitoring, and punishment, facilitated by a unique system of supervision and salary increases to encourage honesty. At the same time, the idea of ＂ruling for the people＂ was advocated as a part of cultural construction, providing a non-institutional impetus for curbing corruption starting from the very source of power. The honesty and integrity of officials was transformed from a political ethic to an everyday ethic which was at the heart of anti-corruption efforts in traditional China. Moral administration, official integrity and cultivation of a professional ethic were stressed so that social education and family education shared the same goals and political ideals and goals were socialized. These experiences have implications for us even today, and should not he overlooked in the present worldwide struggle against corruption.

关键词： traditional China anti-corruption historical experience

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Should 'anti-corruption' Accounts Be Abolished?

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Beijing Review 2006年第5期49卷 30-31页

The "account against corruption" originated in Ningbo, Zhejiang Province. At the beginning of 2000, after Xu Yunhong, former Secretary of the Ningbo Municipal Committee of the Communist Party of China, and some other ... 详细信息

关键词： anti-corruption Accounts Be Abolished Should Be

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