There is growing consensus on the view that corruption hurts economic performance by reducing private investment, by … –, corruption also has adverse distributional effects as it hurts the poor disproportionately. For a given level of government … budget and national income, high corruption countries achieve lower literacy rates, have higher mortality rates, and overall …

feature of corruption. We also investigate implications of the stability of the corrupt regime for the dynamic extortion and …

-authors on corruption, ethical leadership, and social contracts theory, and relates that literature to corrupt activities by … corporate executives. Corruption is defined broadly to encompass executive self-dealing, which harms their firms. The specific … example, to propose a framework aimed at improving corporate governance and preventing future executive corruption. The …

This paper studies the impact of corruption on inward foreign direct investment using a unique firm-level data set. It … examines two effects of corruption simultaneously: a reduction in the volume of foreign investment and a shift in the ownership … structure. Corruption makes local bureaucracy less transparent and hence acts as a tax on foreign investors. Moreover …

We provide a theoretical framework for understanding when an official angles for a bribe, when a client pays, and the … of official. Compared to a client dealing with an honest official, a client who pays a bribe has a similar probability of … concluding her business, while a client who refuses to bribe has a probability 16 percentage points lower. This indicates that …

Most empirical research examines how the institutional environment of corruption shapes the behavior of MNCs. In this … environment of corruption over time. We propose three avenues through which the MNC may have an impact on its host institutions … FDI and corruption for a large sample of countries over the last 30 years, the empirical results are consistent with our …

This paper argues for a model of a corruption constraint on organizational growth and development in the form of a … business ethics glass ceiling. Although the problem of corruption‘s negative impact on economic growth is well documented, this … paper‘s contribution is to propose a cohesive model to show how corruption combines with other influences such as weak …