地方腐败和企业冒险：来自新兴市场的新证据

IF 3.2 Q2 ETHICS

Asian Journal of Business Ethics Pub Date : 2025-05-06 DOI:10.1007/s13520-025-00238-8

Thi Mai Nguyen, Quoc Trung Tran, Quynh Nga Nguyen Thi, Hong Phat Doan

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引用次数: 0

摘要

虽然先前的研究表明腐败会抑制企业的风险承担，但本文认为越南的制度环境可能会使地方腐败润滑企业的风险承担。利用2008年至2022年期间555家上市公司的7341个观察数据集，我们发现总部位于腐败程度较高省份的公司承担风险的动机更高。此外，地方腐败与企业冒险之间的联系在国有企业和财务不受约束的企业中较弱。

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

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.

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来源期刊

Asian Journal of Business Ethics ETHICS-

CiteScore

2.60

自引率

38.50%

发文量

期刊介绍： The Asian Journal of Business Ethics (AJBE) publishes original articles from a wide variety of methodological and disciplinary perspectives concerning ethical issues related to business in Asia, including East, Southeast and South-central Asia. Like its well-known sister publication Journal of Business Ethics, AJBE examines the moral dimensions of production, consumption, labour relations, and organizational behavior, while taking into account the unique societal and ethical perspectives of the Asian region. The term ''business'' is understood in a wide sense to include all systems involved in the exchange of goods and services, while ''ethics'' is understood as applying to all human action aimed at securing a good life. We believe that issues concerning corporate responsibility are within the scope of ethics broadly construed. Systems of production, consumption, marketing, advertising, social and economic accounting, labour relations, public relations and organizational behaviour will be analyzed from a moral or ethical point of view. The style and level of dialogue involve all who are interested in business ethics - the business community, universities, government agencies, non-government organizations and consumer groups.The AJBE viewpoint is especially relevant today, as global business initiatives bring eastern and western companies together in new and ever more complex patterns of cooperation and competition.