We analyze the effects of corruption and institutional quality on the quality of business regulation. Our key findings indicate that corruption negatively affects the quality of regulation and that general institutional quality is insignificant once corruption is controlled for. These findings...

We find that new states are perceived to be more corrupt even though businesses do not report more bribery in newer states. This is suggestive of an unearned, and likely high, reputational cost to being a new state. These findings hold over a number of specifications that include additional...

Industrial incidents causing injury and fatality generate substantial costs to publicly traded firms. Risks associated with these potential incidents are not limited to only those companies that might be directly involved. Theoretically, stock markets are designed to self-regulate safety...

Introduction -- Who controls the IMF? -- Domestic interests and IMF programs -- The impact of the shareholders on IMF programs -- Testing the argument -- IMF lending -- IMF lending and the crisis in Europe -- IMF conditionality -- IMF conditionality and the Asian crisis -- Theory, evidence and...