Eat, Drink, Firms and Government: An Investigation of Corruption from Entertainment and Travel Costs of Chinese Firms

@inproceedings{Cai2005EatDF,
  title={Eat, Drink, Firms and Government: An Investigation of Corruption from Entertainment and Travel Costs of Chinese Firms},
  author={Hongbin Cai and Hanming Fang and Lixin Colin Xu and Naomi R. Ucla Lamoreaux and Keun Lee and Enrico Moretti and J P Rosenthal},
  year={2005}
}
We use Entertainment and Travel Costs (ETC) from Chinese …rms to analyze the composition of ETC and its e¤ect on …rm performance. We identify components of ETC by examining how the total ETC responds to di¤erent institutional environmental variables. We …nd strong evidence that …rms’ETC consists of a mix that includes bribery to government o¢ cials both as “grease money”and “protection money,”and managerial excesses. ETC overall has a significantly negative e¤ect on …rm productivity, but the… CONTINUE READING

Similar Papers

Figures, Tables, and Topics from this paper.

Citations

Publications citing this paper.

References

Publications referenced by this paper.
SHOWING 1-10 OF 38 REFERENCES

“Eat, Drink, Firms and Government: An Investigation of Corruption from Entertainment and Travel Costs of Chinese Firms.”NBER Working Paper 11592

Cai, Hongbin, Hanming Fang, Colin Lixin Xu
  • 2005
VIEW 3 EXCERPTS
HIGHLY INFLUENTIAL

“Monitoring Corruption: Evidence from a Field Experiment in Indonesia.”Journal

Olken, Benjamin
  • Political Economy,
  • 2007

“Common in China, Kickbacks Create Trouble for U.S. Companies at Home.”by

Washington Post
  • Monday, August 22,
  • 2005