Scholarlink

<p>While prior research shows that corruption sands the wheel of firms’ risk-taking, this paper argues that the institutional environment in Vietnam may make local corruption grease the wheel of corporate risk-taking. Using a dataset of 7341 observations from 555 firms listed during the period 2008–2022, we document that firms headquartered in higher corruption provinces have higher incentives to take risks. Moreover, the association between local corruption and corporate risk-taking is weaker in state-owned and financially unconstrained firms.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Local corruption and corporate risk-taking: new evidence from an emerging market

  • 期刊论文

  • 发表日期：

    2025年5月6日

查看全文
  • Thi Mai Nguyen,
  • Quoc Trung Tran,
  • Quynh Nga Nguyen Thi,
  • Hong Phat Doan

摘要

While prior research shows that corruption sands the wheel of firms’ risk-taking, this paper argues that the institutional environment in Vietnam may make local corruption grease the wheel of corporate risk-taking. Using a dataset of 7341 observations from 555 firms listed during the period 2008–2022, we document that firms headquartered in higher corruption provinces have higher incentives to take risks. Moreover, the association between local corruption and corporate risk-taking is weaker in state-owned and financially unconstrained firms.