Plausibly Exogenous [1213] - Corruption (05/29/2023)

LHS Variable
Firm’s CSR activities

RHS Variable
Level of corruption

Source of Exogenous Variation
Recent anti-corruption campaign (the Campaign) in China as a quasi-natural experiment: China President Xi Jinping launched the Campaign at the 18th People’s National Congress in November 2012, implementing most of the new policies in 2013

- Xue et al. (2022), “Is corporate social responsibility value relevant? Evidence from a quasi-natural experiment of anti-corruption campaign”