Purpose The paper investigates the effect of corruption on corporate investment efficiency around the world. Design …/methodology/approach The sample includes 218,350 observations from 30,074 firms across 42 countries. The authors measure corruption based on … the Corruption Perception Index (CPI) from Transparency International, Corruption Control Index (CCI) from the World Bank …

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 …

targets located in countries (industries) with a higher level of corruption. Taken together, the findings support the …

We test the hypothesis that U.S. corporations headquartered in states with greater public corruption are also prone to …

Anecdotal evidence indicates that corruption is rampant in the defence sector globally. Using a unique database on firm … level corruption risk in the defence industry, we examine the role of country level and firm level antecedents. Among the …, explicit mechanisms to control corruption and cultural factors such as power distance and uncertainty avoidance. Our empirical …

Drawing on institutional theory, we examine the impact of corporate governance (CG) on corruption. The interaction … effects of national culture and CG on corruption are also examined. By employing a dataset of 149 countries, our baseline … findings indicate that the quality of CG practices reduces the level of corruption. Findings also show that three cultural …