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Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections

Do, Quoc-Anh; Lee, Yen-Teik; Nguyen, Bang Dang - C.E.P.R. Discussion Papers - 2015

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

Corruption And Competition In Public Market Auctions

Compte, Olivier; Lambert-Mogiliansky, Ariane; Verdier, … - C.E.P.R. Discussion Papers - 2000

This paper investigates the effect of corruption on competition in government procurement auctions. Our assumption is … corruption is to facilitate collusion in price between firms. This can result in high public spending and inefficient allocation … which unilateral anti-corruption controls may restore price competition. …

Persistent link: https://www.econbiz.de/10005662229

Leniency and Whistleblowers in Antitrust

Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2006

fraud, or corruption - that share with cartels the crucial features that well designed leniency and whistleblower programs …

Persistent link: https://www.econbiz.de/10005662235

The Size and Scope of Government: Comparative Politics With Rational Politicians

Persson, Torsten; Tabellini, Guido - C.E.P.R. Discussion Papers - 1999

We try to demonstrate how economists may engage in research on comparative politics, relating the size and composition of government spending to the political system. A Downsian model of electoral competition and forward-looking voting indicates that majoritarian---as opposed to...

Persistent link: https://www.econbiz.de/10005662287

Corruption and Openness

Neeman, Zvika; Paserman, M. Daniele; Simhon, Avi - C.E.P.R. Discussion Papers - 2003

We consider a neoclassical growth model with endogenous corruption. Corruption and wealth, which are co-determined in … corruption, and if indeed as suggested by a number of empirical studies corruption hampers growth, then how did rich countries … relatively closed economies of the 19th century, the gains from corruption remained inside the country and became part of the …

Persistent link: https://www.econbiz.de/10005666630

The Simple Economics of Extortion: Evidence from Trucking in Aceh

Barron, Patrick; Olken, Benjamin - C.E.P.R. Discussion Papers - 2007

when designing anti-corruption policy. …

Persistent link: https://www.econbiz.de/10005666723

Tariff Evasion and Customs Corruption: Does PSI Help?

Anson, José; Cadot, Olivier; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 2003

This Paper provides a new approach to the evaluation of pre-shipment inspection (PSI) programs as ways of improving tariff-revenue collection and reducing fraud when customs administrations are corrupt. We build a model highlighting the contribution of surveillance firms to the generation of...

Persistent link: https://www.econbiz.de/10005667042

Tax Rates and Tax Evasion: Evidence from 'Missing Imports' in China

Fisman, Raymond; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2001

Tax evasion, by its very nature, is difficult to observe. In this Paper, we present a case study of tax evasion in China. The novel feature of our approach is that at a very disaggregated level of individual products, we can measure evasion relatively precisely, by comparing the values that...

Persistent link: https://www.econbiz.de/10005667095

Trust and Bribery: The Role of the Quid Pro Quo and the Link With Crime

Hunt, Jennifer - C.E.P.R. Discussion Papers - 2004

bribe, which reduces corruption. Appropriate networks are more easily established in small towns, by long-term residents of … battle against corruption faced by policy-makers in rapidly urbanizing countries with high fertility. I show that victims of …

Persistent link: https://www.econbiz.de/10005667098

Explaining Leakage of Public Funds

Reinikka, Ritva; Svensson, Jakob - C.E.P.R. Discussion Papers - 2002

Using panel data from an unique survey of public primary schools in Uganda we assess the degree of leakage of public funds in education. The survey data reveal that on average, during the period 1991-95, schools received only 13% of what the central government contributed to the schools’...

Persistent link: https://www.econbiz.de/10005788883