Woo-Jin Chang

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I exploit the passage of the UK Bribery Act 2010 as an exogenous shock to UK firms' cost of doing business in corrupt regions to study whether the ability to use bribes creates firm value. First, I find that UK firms operating in high-corruption regions of the world display a drop in firm value after the Act's passage. Foreign firms subject to the Act(More)
I exploit the passage of the UK Bribery Act 2010 as a shock to UK firms' cost of doing business in order to study the effect of bribes on firm value. Around the Act's passage, UK firms operating in high-corruption countries display a drop in value. At the same time, non-UK industry peers competing directly with UK firms in corrupt countries exhibit an(More)
With the increasing use of meta-analysis, duplicate publication of original research is particularly problematic. Duplicate publication can result in an inappropriate weighting of the study results. The purpose of our study was to assess the incidence and characteristics of duplicate publications in Korea, and to estimate the impact of duplicate publication(More)
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