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<p>This study examines the impact of local corruption on corporate risk-taking in the Vietnamese market. Firms located in provinces with higher corruption take less risk, and this effect is attenuated during Vietnam’s anti-corruption campaigns. Companies headquartered in financial centers engage in less risk-taking than those in non-financial centers, whereas state-owned enterprises exhibit lower risk-taking than non-state-owned firms. The negative relationship between local corruption and corporate risk-taking is attenuated for firms with higher foreign ownership.</p>

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Does local corruption influence corporate risk-taking? Evidence from Vietnam’s anti-corruption campaigns

  • 期刊论文

  • 出版模式：

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  • 发表日期：

    2026年7月11日

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  • Nha Duc Bui,
  • Do Thi Thanh Nhan,
  • Chune Young Chung,
  • Doojin Ryu

摘要

This study examines the impact of local corruption on corporate risk-taking in the Vietnamese market. Firms located in provinces with higher corruption take less risk, and this effect is attenuated during Vietnam’s anti-corruption campaigns. Companies headquartered in financial centers engage in less risk-taking than those in non-financial centers, whereas state-owned enterprises exhibit lower risk-taking than non-state-owned firms. The negative relationship between local corruption and corporate risk-taking is attenuated for firms with higher foreign ownership.