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- Publisher Website: 10.1016/j.jbusres.2022.04.038
- WOS: WOS:000799247400018
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Article: Drinking Poison to Quench Thirst: Does Bribery Foster Firm Performance in China?
Title | Drinking Poison to Quench Thirst: Does Bribery Foster Firm Performance in China? |
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Authors | |
Issue Date | 2022 |
Citation | Journal of Business Research, 2022, v. 147, p. 505-517 How to Cite? |
Abstract | Whereas the damage of bribery on economic development is well recognized, controversy exists regarding whether it can benefit firm-level performance. By integrating the “grease” and “sand” views of bribery, this study offers the novel proposition that even though bribery may provide a means to deal with institutional voids, such that it fosters firms’ short-term performance (i.e., sales growth), it hinders long-term performance reflected in market capitalization. Moreover, the positive effect of bribery on sales growth decreases and its negative impact on market capitalization increases when the level of institutional development is higher. A longitudinal data set of Chinese listed firms lends strong support to our predictions, which in turn offer novel insights into bribery and its performance implications. |
Persistent Identifier | http://hdl.handle.net/10722/312882 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Zhou, KZ | - |
dc.contributor.author | Wang, K | - |
dc.contributor.author | Xu, D | - |
dc.contributor.author | Xie, E | - |
dc.date.accessioned | 2022-05-21T11:52:58Z | - |
dc.date.available | 2022-05-21T11:52:58Z | - |
dc.date.issued | 2022 | - |
dc.identifier.citation | Journal of Business Research, 2022, v. 147, p. 505-517 | - |
dc.identifier.uri | http://hdl.handle.net/10722/312882 | - |
dc.description.abstract | Whereas the damage of bribery on economic development is well recognized, controversy exists regarding whether it can benefit firm-level performance. By integrating the “grease” and “sand” views of bribery, this study offers the novel proposition that even though bribery may provide a means to deal with institutional voids, such that it fosters firms’ short-term performance (i.e., sales growth), it hinders long-term performance reflected in market capitalization. Moreover, the positive effect of bribery on sales growth decreases and its negative impact on market capitalization increases when the level of institutional development is higher. A longitudinal data set of Chinese listed firms lends strong support to our predictions, which in turn offer novel insights into bribery and its performance implications. | - |
dc.language | eng | - |
dc.relation.ispartof | Journal of Business Research | - |
dc.title | Drinking Poison to Quench Thirst: Does Bribery Foster Firm Performance in China? | - |
dc.type | Article | - |
dc.identifier.email | Zhou, KZ: kevinzhou@business.hku.hk | - |
dc.identifier.authority | Zhou, KZ=rp01127 | - |
dc.identifier.doi | 10.1016/j.jbusres.2022.04.038 | - |
dc.identifier.hkuros | 333165 | - |
dc.identifier.volume | 147 | - |
dc.identifier.spage | 505 | - |
dc.identifier.epage | 517 | - |
dc.identifier.isi | WOS:000799247400018 | - |