Showing 1 - 10 of 429
We study the value of the political connections of directors on Chinese boards. We build a new dataset that measures connections of directors to members of the Politburo via past school ties, and find that private firms with politically connected directors in the boardroom get on average about...
Persistent link: https://www.econbiz.de/10013403827
Persistent link: https://www.econbiz.de/10011706214
This study aims to investigate the relationship between the religiously-induced internalized values of individuals and their specific attitudes regarding accepting corruption. Based on the premises of the New Institutional Economics, we propose that individual level institutions with regard to...
Persistent link: https://www.econbiz.de/10014168025
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 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
Firms have incentives to influence regulators' decisions. In a dynamic setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the revolving-door channel) than through a hidden payment (i.e., a bribe). This is because the...
Persistent link: https://www.econbiz.de/10012220065
This paper examines lobbying and corruption as alternative ways of dealing with regulatory obstacles. I propose a model … 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
This paper investigates whether the costs of corruption are conditional on the extent of government intervention in the economy. We use data on corruption convictions and economic growth between 1975 and 2007 across the U.S. states to test this hypothesis. Although no state approaches the level...
Persistent link: https://www.econbiz.de/10014155552
The belief that elections reduce rent seeking by government officials is widely held, likewise the belief that rent seeking decreases as elections are less subject to corruption. In this paper we develop and test a model in which these beliefs are carefully examined. Our model indicates that,...
Persistent link: https://www.econbiz.de/10014075886