Corruption uncertainty and corporate practices

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F17%3A00481479" target="_blank" >RIV/67985998:_____/17:00481479 - isvavai.cz</a>

Result on the web

<a href="http://voxeu.org/article/corruption-uncertainty-and-corporate-practices" target="_blank" >http://voxeu.org/article/corruption-uncertainty-and-corporate-practices</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Corruption uncertainty and corporate practices

Original language description

The idea that corruption hinders investments is not new, but the literature has tended to focus on the impact of average corruption levels. Based on 140,000 firm-level observations for 13 Central and Eastern European countries, this column explores the impact of corruption uncertainty. The evidence suggests that while foreign-controlled firms are unaffected by the corruption uncertainty factor, domestic firms decrease investments significantly when uncertainty about corruption practices increases. This decrease in investment is accompanied by a decrease in cash holdings, which points to a possible motive to build off-balance sheet funds for bribery purposes.

Czech name

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Czech description

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Type

A - Audiovisual production

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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Place of publication

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