The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …

of offshore entities as an indicator of corruption risk. We find that the number of new shell companies increases by 11 … the award of an exploration licence increases the risk of corruption. Consistent with rent-maximising behaviour, this … association is stronger when the price of oil increases. Our work informs the fight against corruption, proposing greater …

corruption, unstable economic policies, weak and poorly enforced property rights, and inefficient government institutions. Our …

This paper aims to analyze the impact of corruption on firm innovation in Portugal, using data from the World Bank … endogeneity in the corruption variable. Our results show that corruption fosters innovation in Portugal, regardless of the … dependent variable we use to measure innovation. We have also analyzed the effect of corruption on innovation in foreign and …

these sectors are confronted with different challenges ranging from corruption, political risk, economic uncertainty, sunk … their private counterparts. When it comes to the determinants, economic policy uncertainty, corruption, and political …