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Why Are Some Public Officials More Corrupt Than Others?

Hunt, Jennifer - William Davidson Institute, University of Michigan - 2005

institutions. The characteristics of officials’ clients explain most of the variation for bribery rates, but none for bribe amounts … rates and amounts. The results indicate that the bribery rate is higher at institutions with bribe-prone clients, and that … reduce corruption. Overall, the judiciary and the police are by far the most corrupt institutions. …

Persistent link: https://www.econbiz.de/10005677513

Bribery: Who Pays, Who Refuses, What Are The Payoffs?

Hunt, Jennifer; Laszlo, Sonia - William Davidson Institute, University of Michigan - 2005

We provide a theoretical framework for understanding when an official angles for a bribe, when a client pays, and the payoffs to the client’s decision. We test this frame work using a new data set on bribery of Peruvian public officials by households. The theory predicts that bribery is more...

Persistent link: https://www.econbiz.de/10005784704

Determinants of Financial Distress: What Drives Bankruptcy in a Transition Economy? The Czech Republic Case

Lízal, Lubomír - William Davidson Institute, University of Michigan - 2002

The main factors influencing the probability of bankruptcy are analyzed on Czech Republic 1993-1999 firm data. Basic models of the bankruptcy are compared: neoclassical, financial and corporate governance. The corporate governance hypothesis does not receive support in the ownership but the...

Persistent link: https://www.econbiz.de/10005784676

Business Groups in Emerging Markets-Financial Control & Sequential Investment

Hainz, Christa - William Davidson Institute, University of Michigan - 2006

substitute some functions of missing institutions, for example, enforcing contracts. We investigate this by setting up a model …

Persistent link: https://www.econbiz.de/10005784784

Competition and Corporate Governance in Transition

Estrin, Saul - William Davidson Institute, University of Michigan - 2001

This paper examines the elements of institutional development critical to the enhancement of company performance in transition economies. This includes initial conditions, forms of privatization, institutional frameworks and the competitiveness of markets. Comparing empirical evidence, this...

Persistent link: https://www.econbiz.de/10005784683

The Determinants of Privatised Enterprise Performance in Russia

Estrin, Saul; Bevan, Alan A.; Kuznetsov, Boris; … - William Davidson Institute, University of Michigan - 2001

Using data from a large enterprise-level panel designed to address this issue, we account for enterprise performance in Russia. We link performance to four aspects of the economic environment: enterprise ownership; corporate governance; market structures and competition; and financial constraints....

Persistent link: https://www.econbiz.de/10005784792

How Corruption Hits People When They Are Down

Hunt, Jennifer - William Davidson Institute, University of Michigan - 2006

Using cross–country and Peruvian data, I show that victims of misfortune, particularly crime victims, are much more likely than non–victims to bribe public officials. Misfortune increases victims’ demand for public services, raising bribery indirectly, and also increases victims’...

Persistent link: https://www.econbiz.de/10005677426

Initial Conditions, Institutional Dynamics and Economic Performance: Evidence from the American States

Berkowitz, Daniel; Clay, Karen - William Davidson Institute, University of Michigan - 2003

Using state-level data from the United States, we find that differences in colonial legal institutions affect the … current quality of state legal institutions. These differences in colonial legal institutions arose because some states were … measures of the current quality of legal institutions, we provide indirect evidence on the persistence of legal institutions …

Persistent link: https://www.econbiz.de/10005652513

Capital Markets and Capital Allocation: Implications for Economies in Transition

Durnev, Artyom; Morck, Randall; Yeung, Bernard - William Davidson Institute, University of Michigan - 2001

Persistent link: https://www.econbiz.de/10005489863

Bank-Based or Market-Based Financial Systems: Which is Better?

Levine, Ross - William Davidson Institute, University of Michigan - 2002

For over a century, economists and policy makers have debated the relative merits of bank-based versus market-based financial systems. Recent research, however, argues that classifying countries as bank-based or market is not a very fruitful way to distinguish financial systems. This paper...

Persistent link: https://www.econbiz.de/10005489929

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