Showing 1 - 10 of 7,799
This paper addresses the effects of the revolving door phenomenon on the inequality of influence among firms. It shows that firms are not equal in their capacities to benefit from state connections. We first develop a theoretical model introducing the notion of "bureaucratic capital" and showing...
Persistent link: https://www.econbiz.de/10011729453
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10012491609
ineffective standard anti-corruption practices, such as whistle-blowing protection policies. We highlight that closing the …
Persistent link: https://www.econbiz.de/10012220065
This paper deals with the relationship between regulatory compliance, bureaucratic corruption, lobbying and the … industrial structure of a country. We show that lobbying and bureaucratic corruption can coexist at the macro level when we allow … industrial structures: we show the implications this has for the level of compliance, corruption and lobbying in that country …
Persistent link: https://www.econbiz.de/10013238845
This paper examines lobbying and corruption as alternative ways of dealing with regulatory obstacles. I propose a model … that firms who join lobby groups do not stop paying bribes to bureaucrats, and firms more impacted by corruption are no … of a firm bribing legislators and other rule makers, suggesting that lobbying introduces the possibility of state capture …
Persistent link: https://www.econbiz.de/10014155774
Persistent link: https://www.econbiz.de/10015051564
We analyze stock market reactions to announcements of political appointments from the private sector and corporate appointments of former government officials. Using unique data on corporate affiliations and announcements of all Senate-confirmed U.S. Defense Department appointees of six...
Persistent link: https://www.econbiz.de/10009621770
We analyze stock market reactions to announcements of political appointments from the private sector and corporate appointments of former government officials. Using unique data on corporate affiliations and announcements of all Senate-confirmed U.S. Defense Department appointees of six...
Persistent link: https://www.econbiz.de/10009629783
We analyze stock market reactions to announcements of political appointments from the private sector and corporate appointments of former government officials. Using unique data on corporate affiliations and announcements of all Senate-confirmed U.S. Defense Department appointees of six...
Persistent link: https://www.econbiz.de/10013100637
We analyze stock market reactions to announcements of political appointments from the private sector and corporate appointments of former government officials. Using unique data on corporate affiliations and announcements of all Senate-confirmed U.S. Defense Department appointees of six...
Persistent link: https://www.econbiz.de/10013100939