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We examine stock market behavior around earnings announcements in three countries with different degrees of government involvement with corporations. We find evidence consistent with insider trading in shares of politically connected Indonesian companies. We find little comparable evidence for...
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State border corruption is still a problem for Belarus, Ukraine and Moldova. In a theoretical model, it is shown how a … border guard authority should optimally allocate budgetary resources to oblasts in presence of corruption, so as to minimise …
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disaster outcomes. Using panel data from 98 countries, this paper examines how public sector corruption is associated with the … probability of technological disasters. It was found that public sector corruption raises the probability of technological …
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countries with less public sector corruption, and for OECD countries with better functioning legal systems, but not for non …
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Widespread corruption in mainland China adversely affects the overall economy in general and international business in … particular. Prior to the establishment of the Independent Commission against Corruption (ICAC) in 1974, corruption was also … rampant in Hong Kong. The ICAC effectively cleaned corruption in Hong Kong within a short period of time. Hong Kong's success …
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Government agencies and large corporations meet similar problems related to control of agents dealing with outsiders: citizens under audit of the agency or clients of the company. In such interaction there typically exists a possibility of collusion. In order to prevent it, agencies and...
Persistent link: https://www.econbiz.de/10009195628