This paper studies the impact of corruption in a host country on foreign investor's preference for a joint venture … versus a wholly-owned subsidiary. There is a basic trade-off in using local partners. On the one hand, corruption makes local … hand, corruption decreases the effective protection of investor's intangible assets and lowers the probability that …

possibility that some features of FDI host countries, such as bureaucratic corruption, may deter inward FDI, but are positively … explicitly into account corruption level in host countries and using a firm-level data set on investment projects in 24 …

are desperate, vulnerable, or demanding services particularly prone to corruption. The effect is strongest for bribery of …

nor Japanese investors treat corruption in East Asia any differently from that in other parts of the world. There are …This paper studies the effect of corruption on foreign direct investment. The sample covers bilateral investment from … the tax rate on multinational firms or the corruption level in a host country reduces inward foreign direct investment …

, corruption, and trade agreements, suggesting that firms intentionally misreport trade data. These misreports have implications …

countries with higher corruption norms, lower government control and effectiveness. Predictions of the level of counterfeiting …

In this paper, we provide a new framework for analyzing corruption in public bureaucracies. The standard way to model … corruption is as an example of moral hazard, which then leads to a focus on better monitoring and stricter penalties with the … eradication of corruption as the final goal. We propose an alternative approach which emphasizes why corruption arises in the …

literature: corruption may affect a country's composition of capital inflows in a way that makes it more likely to experience a …

This paper presents two propositions about corruption. First, the structure of government institutions and the … political process are a very important determinant of the level of corruption. In particular, weak governments which do not … control their agencies would lead to ultra-high corruption levels. Second, the illegality of corruption and the need for …