Indonesia, private sector salaries are highly progressive with respect to increasing levels of responsibility, whereas the civil … endemic corruption simply in terms of unprincipled behaviour. Rather, it is best understood in terms of institutional weakness …

This research investigates private sector corruption. The research focuses on a firm's life cycle as it relates to … corruption. Free cash flows to dividends and leverage are used as indicators of private sector corruption. The research examines … Non-financial firms listed on the Indonesia Stock Exchange from 1994 to 2006 including 1,680 observation years. Six …