Disguised corruption: Evidence from consumer credit in China

被引：35

作者：

Agarwal, Sumit ^{[1
]}

Qian, Wenlan ^{[1
]}

Seru, Amit ^{[2
]}

Zhang, Jian ^{[3
]}

机构：

[1] Natl Univ Singapore, NUS Business Sch, 15 Kent Ridge Dr, Singapore 119245, Singapore

[2] Stanford Univ, Grad Sch Business, 655 Knight Way, Stanford, CA 94305 USA

[3] Univ Hong Kong, Fac Business & Econ, Hong Kong, Peoples R China

来源：

JOURNAL OF FINANCIAL ECONOMICS | 2020年 / 137卷 / 02期

关键词：

Corruption; Credit cards; Credit; Debt; Household finance; Government; Bureaucrats; Banking; Political connections; China; GOVERNMENT; FINANCE; BENEFITS; FIRMS;

D O I：

10.1016/j.jfineco.2020.03.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using a comprehensive sample of credit card data from a leading Chinese bank, we show that government bureaucrats receive 16% higher credit lines than non-bureaucrats with similar income and demographics, but their accounts experience a significantly higher likelihood of delinquency and debt forgiveness. Regions associated with greater credit provision to bureaucrats open more branches and receive more deposits from the local government. After staggered corruption crackdowns of provincial-level political officials, the new credit cards originated to bureaucrats in exposed regions do not enjoy a credit line premium, and bureaucrats' delinquency and reinstatement rates are similar to those of non-bureaucrats. (C) 2020 Elsevier B.V. All rights reserved.

引用

页码：430 / 450

页数：21

共 50 条

[1] The value of political connections: evidence from China's anti-corruption campaign
Alonso, Marta
Palma, Nuno
Simon-Yarza, Beatriz
JOURNAL OF INSTITUTIONAL ECONOMICS, 2022, 18 (05) : 785 - 805
[2] The Externalities of Corruption: Evidence from Entrepreneurial Firms in China
Giannetti, Mariassunta
Liao, Guanmin
You, Jiaxing
Yu, Xiaoyun
REVIEW OF FINANCE, 2021, 25 (03) : 629 - 667
[3] Causes of corruption: Evidence from China
Dong, Bin
Torgler, Benno
CHINA ECONOMIC REVIEW, 2013, 26 : 152 - 169
[4] Anti-corruption and political trust: Evidence from China
Fang, Ming
Lai, Weizheng
Xia, Congling
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2025, 234
[5] Relationship investment and local corruption environment: Evidence from China
Li, Zhaohua
Pan, Xiaofei
ACCOUNTING AND FINANCE, 2023, 63 (04) : 4597 - 4628
[6] Corruption and social interaction: Evidence from China
Dong, Bin
Torgler, Benno
JOURNAL OF POLICY MODELING, 2012, 34 (06) : 932 - 947
[7] Benefits of relationship banking: Evidence from consumer credit markets
Agarwal, Sumit
Chomsisengphet, Souphala
Liu, Chunlin
Song, Changcheng
Souleles, Nicholas S.
JOURNAL OF MONETARY ECONOMICS, 2018, 96 : 16 - 32
[8] Local connectivity and corruption: Micro evidence from China
Liu, Qijun
EUROPEAN JOURNAL OF POLITICAL ECONOMY, 2025, 86
[9] Corruption and privatization: Evidence from a natural experiment in China
Zhu, Ling
Kong, Dongmin
ECONOMICS OF TRANSITION AND INSTITUTIONAL CHANGE, 2023, 31 (01) : 217 - 239
[10] Do anti-corruption efforts improve corporate innovation? Evidence from China
Zhang, Bing
Zhong, Hai
APPLIED ECONOMICS, 2024,

← 1 2 3 4 5 →