This paper studies the joint impact of corruption on the entry mode and volume of inward foreign direct investment (FDI …) using a unique firm-level data set. We find that corruption not only reduces inward FDI, but also shifts the ownership … structure towards joint ventures. The latter finding supports the view that corruption increases the value of using a local …

This paper studies the impact of corruption in emerging markets on the mode of entry and volume of inward foreign … direct investment using a unique firm-level data set. It examines two effects of corruption simultaneously: a reduction in … the volume of foreign investment and a shift in the ownership structure. Corruption makes local bureaucracy less …

Governments: Relationship Building and Development -- 4. Balancing Business Ethics and Culture: Corruption and Personal Networking …

The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …