As Government contractors expand their business overseas, they expose themselves to the risk of violating the Foreign Corrupt Practices Act (FCPA) and the high sanctions that accompany those violations. Given the nature of a Government contractor's business, they are naturally at greater risk of...

Standard anticorruption interventions consist of intensified monitoring and sanctioning. Rooted in principal-agent theory, these interventions are based on the assumption that corrupt acts follow a rational cost-benefit calculation by gain-seeking individuals. Given their mixed results, however,...

Long-established major U.S. corporations such as McDonalds, Walmart, and Proctor and Gamble continue to derive a majority of revenues from foreign operations. In addition, a number of relatively new U.S. technology companies such as: Airbnb (2008); Facebook (2004); Snap (2011); Twitter (2006);...

With expanding global commerce by U.S. securities issuers, the potential for significant exposure to international corruption increases along with risks associated with anti-bribery laws. This article examines recent developments related to the Foreign Corrupt Practices Act (FCPA), which has...

With expanding U.S. business operations around the globe, the potential for significant exposure to international corruption increases along with the increased risks associated with anti-bribery laws. Companies who employ citizens of the United Kingdom, maintain an office in the United Kingdom,...

This paper contributes to the corruption literature by implementing bribery in the laboratory as a dynamic three person sequential game with a focus on social inefficiency and citizen response. In contrast to the design of Abbink (2002) and Cameron et al (2006), our design holds bribe-bargaining...

This paper presents an incomplete contracting model to show how judicial corruption and judicial favoritism can lead to distortions in agents' incentives to invest in relation-specific assets and cause inefficiency. I also show that while an increase in the judge's income always increases...

Living in the technological era, we see that traditional banking is driving us towards the cancer of corruption and it is incomprehensible. Corruption in the Indian banking system has slightly lowered since the launching of the Digital India Campaign. When the government of India made its first...

Corruption is known to inhibit economic growth. The dearth of data on actual bribe payments, however, has been the major impediment for reliable quantitative knowledge of bribery and resulted in little consensus in methods of fighting corruption. This paper tests whether increased access to...

This paper studies the effect of digitalization on the perception of corruption and trust in tax officials in Africa. Using individual-level data from Afrobarometer surveys and several indices of digitalization, we find that an increase in digital adoption is associated with a reduction in the...