provided by the theory of planned behavior to understand the way in which the corruption of the legal environment, the … test these notions, we use databases from the fifth wave of the EBRD-World Bank Business Environment and Enterprise …

Political corruption imposes substantial costs on shareholders in the U.S. Yet, we understand little about the basic … factors that exacerbate or mitigate the value consequences of political corruption. Using federal corruption convictions data …, we find that firm-level economic rents and monitoring mechanisms moderate the negative relation between corruption and …