This article begins by presenting some recent statistical data on rule of law, investment, and corruption in Venezuela. It focuses afterwards on analysing the 2014 Venezuelan Anti-Corruption Law, and it develops various arguments that may lead to question this Law ́s real objectives from an...

This article begins by presenting some recent statistical data on rule of law, investment, and corruption in Venezuela. It focuses afterwards on analysing the 2014 Venezuelan Anti-Corruption Law, and it develops various arguments that may lead to question this Law´s real objectives from an...

I study the impact of foreign anti-corruption laws using a setting that exploits US multinational firms' differential exposure to the extraterritorial jurisdiction of the 2010 United Kingdom Bribery Act (UKBA). I find that, following adoption of the UKBA, US firms subject to its jurisdiction...

Since Citizens United, the amount of spending on political campaigns has increased, and to a lesser extent, so has corporate spending on political advertisements. However, the increase in corporate spending on elections fails to indicate whether corporate political spending corrupts the...

This study analyzes the effects of increased exposure to anti-corruption laws on firms’ geographic reporting transparency with respect to their perceived corruption exposure (“corruption transparency”). Using the 2010 adoption of the U.K. Bribery Act (UKBA) and its significant...

We study the effect of fair institutions on growth. In our model, individuals are endowed with unequal entitlements to theeconomy’s output. They can free-ride or cooperate. Cooperation is individually costly, but increases aggregate output and growth.Experimentally, we observe significantly...

Dieser Beitrag setzt sich mit dem Verhältnis von Schattenwirtschaft und Korruptionauseinander. Es wird insbesondere die Frage untersucht, welche Rolle die Schattenwirtschaftin korrupten Ökonomien spielt. Die Schattenwirtschaft begrenzt letztendlich dieMacht korrupter Institutionen, indem sie...

Judicial independence is not only a necessary condition for the impartiality of judges, it can also endanger it: judges that are independent could have incentives to remain uninformed, become lazy or even corrupt. It is therefore often argued that judicial independence and judicial...

Recent empirical work shows that judicial dependence can explain high levels of corruption. This paper examines how the dependence of judiciaries influences corruption at different levels of the government in a model where the central government, low-level officials, and the judiciary are...

It is hypothesized that prosecution agencies that are dependent on the executive have less incentives to prosecute crimes committed by government members which, in turn, increases their incentives to commit such crimes. Here, this hypothesis is put to an empirical test focusing on a particular...