Local corruption and value of cash in an emerging market

Quoc Trung Tran

Applied Economics Letters, 2025, vol. 32, issue 10, 1512-1517

Abstract: The institutional environment in Vietnam is an opportunity to investigate how local corruption affects the value of cash. With a research sample of 4,316 observations, we find that local corruption decreases the market value of cash. Moreover, we document that state ownership and foreign ownership can mitigate the negative effect of local corruption on cash value.

Date: 2025
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DOI: 10.1080/13504851.2024.2337319

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