This paper considers the effect of corruption on the effciency of capital investment. Using firm-level level data from …

of offshore entities as an indicator of corruption risk. We find that the number of new shell companies increases by 11 … the award of an exploration licence increases the risk of corruption. Consistent with rent-maximising behaviour, this … association is stronger when the price of oil increases. Our work informs the fight against corruption, proposing greater …

Official A at almost all individual detection levels. This 'legitimacy' effect may help explain why anti-corruption policies …

analyse how petty corruption erodes tax morale. A mediation analysis shows that petty corruption directly reduces tax morale … severe in countries and regions where fewer people are affected by petty corruption and becomes insignificant if extortion of …

This paper adds to the recent literature on firm-level corruption by relying on rich data including detailed … large and significant positive association between corruption and firm performance. We further show that the type of bribe …

While the effects of corruption on bilateral trade have been relatively well explored, its effect on the composition of … trading partners has not been studied. In this paper, we argue that corruption in a country is likely to impose asymmetric … costs on its trading partners depending on their characteristics. As a result, as the level of corruption in a country …

relationship is influenced by the quality of local institutions, as proxied by corruption. We use representative data from a large … corruption environments. We find that corruption leads to more pessimistic beliefs about others' contributions in heterogeneous … groups, and this is an important mechanism explaining our results. In doing so, we highlight the indirect costs of corruption …