One might think that bribery is always unethical. Studies by the Organisation for Economic Cooperation and Development discourage the practice and a number of other studies have viewed bribery in negative terms. However, a closer examination of the issue reveals that the question of whether...

Fostering whistleblowing through leniency and asymmetric sanctions is regarded as a potentially powerful anti-corruption strategy in the light of its success in busting cartels. The US Department of Justice started a pilot program of this kind in 2016. It has been argued, however, that...

This article presents some of the key arguments and findings of the author's forthcoming book, Democracy, Inequality and Corruption: Korea, Taiwan and the Philippines Compared (Cambridge University Press). It explores how inequality increases corruption via electoral clientelism, bureaucratic...

We examine the impact of China's anti-corruption campaign on firm-level financial reporting quality (FRQ). As an important component of the anti-corruption campaign, in October 2013, “Rule 18” was issued to prohibit party and government officials from serving as directors for publicly listed...

Regional government has important role in realizing good governance and free from corruption. These conditions will only be achieved through the fulfillment of certain preconditions and must look to the characteristics of regional government that in accordance with the form of the country. This...

The OECD considers compliance with the OECD principles of corporate governance and reduced corruption to be positively associated with economic prosperity. Prior empirical research supports this notion for developed countries. However, findings for developing and emerging countries are more...

We examine the impact of China’s 2012 anti-corruption campaign, which targets the excesses of government officials and SOE executives, on the performance of publicly listed Chinese SOEs. Using publicly listed non-SOEs as a benchmark, we find that the campaign reduced the overall performance of...

This paper provides a perspective on the political economy of crony capitalism and corruption in Egypt, Libya, Tunisia, Syria, and Yemen, severely affected by the Arap Spring, to propose that they triggered the uprisings. The crony capitalism in Egypt shows military dominance and its...

Lebanon is facing one of the most acute socioeconomic and political crises in history. While it was the financial center during the 1950s, 60s, and early 70s with its sophisticated banking sector, the civil war between 1975 and 1990 demolished this position. Beginning from 1990 until 2019, the...

Pakistan has suffered from pervasive corruption since its foundation. It deals with an unstable political atmosphere and unsustainable economic development due to its fragile institutional setting. The predominance of military power that does not hesitate to overrule any government when it faces...