The paper investigates how efficiency of business environment and corruption (informal payments and state capture … corruption activities at the firm-level and firm ownership. We find somehow surprising results that private firms (domestic and … foreign owned firms that are involved in informal payments are likely to benefit from these corruption practices. On the other …

set assembled from episodes of city council dismissals in Italy, where the central government may replace locally elected …

In this paper we present and test a theory of how political corruption, found in many transition and emerging market … institutions that do not punish political corruption result in political connectedness of firms that in turn has a negative effect …

This paper adds to the recent literature on firm-level corruption by relying on rich data including detailed … large and significant positive association between corruption and firm performance. We further show that the type of bribe …