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The present work analyzes the impact of foreign direct investment (FDI) and corruption on the quality of the … environment in the MENA region. Indeed, the magnitude of corruption and the quality of institutions are often cited as the main … recommend greater awareness of the harmful effects of corruption among political and economic actors. …
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corruption. Adverse interactions between politics, business and law enforcement generate obstacles for the rule of law and remain …
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The relationship between corruption, particularly when systemic, and the rule of law is a circular one. On the one hand …, corruption undermines the rule of law; on the other hand, a weak rule of law facilitates corruption. In a sort of parasitic … relationship, corruption quickly attaches to the flaws and the loopholes of the legal-institutional system and from them it grows …
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A long-recognized phenomenon in capital markets is the underinvestment in foreign equity securities, known as equity home bias. Our study examines the effect of board independence on the firms' ability to attract foreign equity capital. After accounting for potential endogeneity, we document...
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