types of political risk, like expropriation, corruption and confiscatory taxation, and In our theoretical analysis we find …

corruption, may affect the access to credit for micro, small, and medium-sized enterprises (MSMEs). Using a sample of 68 …-2014, we investigate whether the level of corruption affects their demand for bank loans. Overall, we find that the degree of … corruption seems to play a role in the applications for bank loans when small firms are under investigation. Interestingly …

This paper examines the effect of corruption on the financial fragility of small and medium enterprises (SMEs) across … association between corruption and corporate financial fragility. We find evidence that an increase in the degree of corruption is … corruption is significantly associated with the financial fragility of firms in developed countries. Furthermore, we find that …

Using political corruption conviction data from the U.S. Department of Justice, we examine the impact of local … corruption on firms’ debt maturity structure while exploring both demand-side and supply-side explanations. Our results support … the demand-side story and indicate that firms located in high corruption areas utilize less short-term debt to mitigate …

This paper examines how political corruption affects M&A activities. By exploiting the public enforcement of the anti-corruption … corruption increases cross-region takeover activities by 40% and deal volume more than doubles. Further analysis reveals that the … behind these real effects on corporate investments. Reduction in corruption also leads to higher bidder returns and improves …

This study examines the determinants of anti-corruption disclosures and the effect of disclosures on the profitability … and financial stability of extractive firms in Africa. The study also tests the presence of convergence in anti-corruption … determinants of anti-corruption disclosure are: membership in the United Nations Global Compact (UNGC) and Extractive Industry …