The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …

The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …

, ceteris paribus, corruption may yield differential effects on foreign investment in a group of central and eastern European … (CEE) countries depending on the level of business regulations, home-host corruption similarity or EU/OECD membership link … with corruption in the presence of business regulations and home-host corruption similarity, both of which may facilitate …

development of many aspects of corruption, organized crime, markets, and the state. The lack of attention to informal systems can …

foreign direct investment (FDI) and corruption. The prevailing literature has produced confused and contradictory results on … this vital relationship due to errors in their measurement of corruption which are correlated with FDI inflows. When a less … biased operationalization is employed, we find clear evidence of corruption during both registration and procurement …

corruption increases along with risks associated with anti-bribery laws. This article examines recent developments related to the …

corruption increases along with the increased risks associated with anti-bribery laws. Companies who employ citizens of the …

This paper examines how political corruption affects M&A activities. By exploiting the public enforcement of the anti-corruption … corruption increases cross-region takeover activities by 40% and deal volume more than doubles. Further analysis reveals that the … behind these real effects on corporate investments. Reduction in corruption also leads to higher bidder returns and improves …