Lau, Chi Keung Marco; Demir, Ender; Bilgin, Mehmet Huseyin - In: Emerging Markets Review 17 (2013) C, pp. 1-13
This paper reassesses how “experience-based” corporate corruption affects stock market volatility in 14 emerging markets. We match the World Bank enterprise-level data on bribes with a unique cross-country macroeconomics dataset obtained from the World Bank development indicators. It is...