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Using the regression discontinuity design of close gubernatorial elections in the U.S., we identify a significant and positive impact of the social networks of corporate directors and politicians on firm value. Firms connected to elected governors increase their value by 3.89%. Political...
Persistent link: https://www.econbiz.de/10011249372
predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers …
Persistent link: https://www.econbiz.de/10008865969
Potential economic benefits of integrity and anti-corruption policies seem large. Nevertheless, much of the existing … paper reviews OECD’s involvement in integrity and anti-corruption agenda as well as available indicators of integrity and … anti-corruption policies and outcomes. It outlines avenues for future analysis that include assessment of public …
Persistent link: https://www.econbiz.de/10012304412
corruption and decrease the large expenses associated with today's democratic election campaigns. Random mechanisms can be …
Persistent link: https://www.econbiz.de/10010359999
We conduct parallel surveys of legislators and citizens in three countries to study their tolerance for corruption. In …-offs between, for example, probity and efficiency: both perceive corruption as undesirable but prevalent. These novel descriptive … data further reveal that legislators generally have accurate beliefs about public opinion on corruption and understand its …
Persistent link: https://www.econbiz.de/10015056149
The lack of flexibility in public procurement design and implementation reflects public agents' political risk adaptation to limit hazards from opportunistic third parties - political opponents, competitors, interest groups - while externalizing the associated adaptation costs to the public at...
Persistent link: https://www.econbiz.de/10010950960
This paper examines the relation between political corruption and the composition of public spending. A rent …-seeking model is used to describe political rent creation through the composition of public spending. Political corruption is … categories characterized by high-technology goods supplied by non-competitive industries varies positively with the Corruption …
Persistent link: https://www.econbiz.de/10010931422
foreign direct investment (FDI) and corruption. The prevailing literature has produced confused and contradictory results on … this vital relationship due to errors in their measurement of corruption which are correlated with FDI inflows. When a less … biased operationalization is employed, we find clear evidence of corruption during both registration and procurement …
Persistent link: https://www.econbiz.de/10010868892
The paper studies the effect of additional government revenues on political corruption and on the quality of … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … transfers increase political corruption and reduce the quality of candidates for mayor. …
Persistent link: https://www.econbiz.de/10008468543
. We show that corruption opportunities are lower under centralization at each period of time. However, centralization … makes more difficult for citizens to detect corrupt incumbents. Thus, corruption is easier under centralization for low …
Persistent link: https://www.econbiz.de/10008468714