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relevant role of country-level development, institutions, and corruption. I find that out of a full set of ten different growth …, legal systems and property rights, and lower levels of corruption, firms face lower levels of financing constraints. I … provide novel empirical evidence that both firm- and country-level corruption hinder firms' access to financing …
Persistent link: https://www.econbiz.de/10012895967
How corruption affects economic performance has been studied for over a decade. Yet the lack of detailed firm …-level data has limited research regarding who is carrying the real burden of corruption. This study shows that for firms in the …
Persistent link: https://www.econbiz.de/10012975276
The study measures the impact of anti-corruption policies on the profitability and growth of firms listed in the …. The study uses panel data regression to examine the effect of corruption on firm profitability and growth in 392 listed … relationship between corruption and profitability measured by net profit margin. In this model we run 2 submodels; in the first one …
Persistent link: https://www.econbiz.de/10012851839
Business bribery is a particularly serious problem in the integration era. First, this article investigates the effects of institutional obstacles on firms' bribery in 131 countries classified by nation income groups. Through the appropriate proposal of fitting functions, the relationship...
Persistent link: https://www.econbiz.de/10012800924
How corruption affects economic performance has been studied for over a decade. Yet the lack of detailed firm …-level data has limited research regarding who is carrying the real burden of corruption. This study shows that for firms in the …
Persistent link: https://www.econbiz.de/10012552151
business growth seem also to depend on a fourth element, namely, corruption. Specifically, labor regulation affects the growth … only of enterprises for which corruption is not a factor in business decisions. By contrast, power shortages seem to be a … drag on the growth only of enterprises self-reportedly held back by corruption. Lastly, sales growth is constrained by cash …
Persistent link: https://www.econbiz.de/10012552787
factor, namely, corruption. The rate of fixed investment is significantly lower where power shortages are more severe and …-reportedly affected by corruption. Although access to finance does not seem to influence the rate of investment for most firms, there is … evidence that investment decisions are constrained by cash flow in enterprises that are unaffected by corruption or power …
Persistent link: https://www.econbiz.de/10012552801
Persistent link: https://www.econbiz.de/10012589531
We empirically investigate the relationship between corruption and growth using a firm-level data set that is unique in … scale, covering almost 88,000 firms across 141 economies in 2006-2020, with wide-ranging corruption experiences. The scale … and detail of our data allow us to explore the corruption-growth relationship at a very local level, within industries in …
Persistent link: https://www.econbiz.de/10013232319
factor, namely, corruption. The rate of fixed investment is significantly lower where power shortages are more severe and …-reportedly affected by corruption. Although access to finance does not seem to influence the rate of investment for most firms, there is … evidence that investment decisions are constrained by cash flow in enterprises that are unaffected by corruption or power …
Persistent link: https://www.econbiz.de/10012747603