The Political Economy of Antibribery Enforcement

The authors thank Anat Admati, Pat Akey, Lucian Bebchuk, Shai Bernstein, Alma Cohen, Will Cong, Allen Ferrell, Ezra Friedman, Robin Greenwood, Umit Gurun, Christine Jolls, Louis Kaplow, Elisabeth Kempf, Randall S. Kroszner, Dong Lou, Ruichang Lu, Jiandong Ju, Quoc Nguyen, David Parsley, Susan Rose-Ackerman, Nikolai Roussanov, Marco Sammon, Breno Schmidt, Kathryn Spier, Yuhai Xuan, Crystal Yang, Jun Yang, Mao Ye, Frank Yu, Jonathan Zinman, Stefan Zeume, two anonymous referees, and seminar participants at the 2023 National Bureau of Economic Research Law & Economics Meetings, 2021 American Finance Association Meetings, 2021 London Political Finance (POLFIN) Workshop, 2021 European Finance Association Meetings, 2021 Asian Bureau of Finance and Economic Research Meetings, 2021 China International Conference in Finance Meetings, Harvard Law School, Peking University Guanghua School of Management, Tsinghua University PBC School of Finance, Renmin University, and the U.S.-China Trade Conference for helpful comments and suggestions. The authors are eternally grateful to Yuan Wang, Lin Lv, and Ziqiong Xi for superb research assistance. Bo acknowledges financial support from the National Natural Science Foundation of China [Grants 72342020].