腐败与公司（RES2022）

题目：Corruption and Firms（腐败与公司）

摘要：We estimate the causal real economic effects of a randomized anti-corruption crackdown on local governments in Brazil using rich micro-data on corruption and firms. After anti-corruption audits, municipalities experience an increase in the number of firms concentrated in sectors most dependent on government relationships and public procurement. Through the estimation of geographic spillovers and additional tests, we show that audits operate via both a direct detection effect as well as through indirect deterrence channels. Politically connected firms suffer after the audits. Our estimates indicate the anticorruption program generates significant local multipliers which are consistent with the presence of a large corruption tax on government-dependent firms.

研究问题：腐败对于经济发展和公司增长的影响

研究动机：尽管已有很多研究关注这一问题，但是却难以建立两者之间的因果关系，本文运用对于地方政府的随机审计能够很好探究因果效应

研究设计：多时点DID

研究贡献：丰富了对腐败的影响，公司的政治关联以及经济中的资源配置等研究文献