We use high-quality panel data on corruption convictions, new panels of assistant U.S. attorneys and relative public … greater prosecutor resources result in more convictions for corruption, other things equal. We find more limited, recent … previously identified correlates and causes of corruption. By explicitly determining the allocation of prosecutorial resources …

We examine how local political corruption affects firm innovation in the United States. We find that firms located in … test, and alternative proxies for local corruption. Further analysis shows that reduced innovation incentives due to high … extortion risk and decreased threat of competition could be the possible economic channels through which corruption affects …

detrimental effect of political corruption on a firm's value, thereby suggesting that a caution earnings forecasting can act as a … deterrent to political corruption …