We examine the effect of government ownership on tax evasion in China. After correcting for the partial observability of tax evasion, we find that state-owned enterprises (SOEs) are more likely to evade taxes and less likely to be detected than non-SOEs. After being caught for tax evasion, SOEs...

Using China's 2008 four-trillion-yuan economic stimulus as a laboratory and a proprietary loan data set, we study how a large state-owned publicly listed bank maneuvers between the government and public investors and tries to balance social and business objectives, while satisfying the bank...