Fungáčová, Zuzana; Kochanova, Anna; Weill, Laurent - In: World Development 68 (2015) C, pp. 308-322
We combine information on bribery practices with firm-level accounting data to examine how bribery influences bank debt … ratios for a large sample of firms in 14 transition countries. We find that bribery is positively related to firms’ total … varies with the maturity of the bank debt, as bribery contributes to higher short-term bank debt ratios but lower long …