There has been a debate on how the state-driven anticorruption movement during the Xi Jinping administration has influenced state-owned enterprises (SOEs). Research has examined the relationship between corruption and economic development at the country level in Asia and has found paradoxically that economic growth and high corruption levels can coexist. However, the “Asian paradox” that appears at the country level may be a transitional phenomenon of the short term. Not many researchers have empirically compared individual firm-level performance before and after a strong anticorruption drive, drawing on relevant comparison groups. This study tests whether Xi’s 2012 anticorruption campaign improved SOEs’ performance. With a difference-in-differences method, it explores whether the anticorruption campaign had different effects on the financial performance of SOEs and non-SOEs (private companies). We find that the anticorruption initiative improved SOEs’ financial performance and benefited SOEs more than non-SOEs.
Skip Nav Destination
Article navigation
September/October 2021
Research Article|
August 23 2021
The Effect of the Xi Jinping Administration’s Anticorruption Campaign on the Performance of State-Owned Enterprises
Long Piao,
Long Piao
Long Piao is an Assistant Professor in the School of Government, Nanjing University, China. Email: <[email protected]>.
Search for other works by this author on:
Kwangho Jung
Kwangho Jung
Kwangho Jung (corresponding author) is a Professor in the Graduate School of Public Administration, Seoul National University, South Korea. Email: <[email protected]>.
Search for other works by this author on:
Asian Survey (2021) 61 (5): 711–741.
Citation
Long Piao, Kwangho Jung; The Effect of the Xi Jinping Administration’s Anticorruption Campaign on the Performance of State-Owned Enterprises. Asian Survey 1 October 2021; 61 (5): 711–741. doi: https://doi.org/10.1525/as.2021.1415523
Download citation file:
Sign in
Don't already have an account? Register
Client Account
You could not be signed in. Please check your email address / username and password and try again.
Could not validate captcha. Please try again.