Sequeira, Sandra; Djankov, Simeon - In: Journal of International Economics 94 (2014) 2, pp. 277-294
This paper investigates how corruption affects firm behavior. Using an original and unusually rich dataset on bribe … payments at ports matched to firm-level data, we observe how firms adapt to different types of corruption by adjusting their … transport strategies. Our results suggest that firms respond to the price effects of corruption, organizing production in a way …