unbundles corruption to measure different types of corrupt transactions and provide detailed information on the characteristics … and performance of firms, we find that: i) corruption reduces FDI inflows and attracts lower quality investment in terms … kickbacks, while paying a lower overall bribe burden than domestic firms; iii) FDI firms undertake those forms of corruption …

corruption, with little attention paid to the role played by firms. Consequently, the links between corporate governance and … Performance Survey (BEEPS) across 20 transition economies, providing an assessment of governance and corruption from the … survey design permits an in-depth empirical analysis of governance and corruption, unbundling governance into its component …

’s corruption levels. Examining a large sample of countries covering a 20-year long period, we found robust empirical support for … the fact that increases in import openness do indeed cause reductions in corruption, a crucial aspect of governance. The … corruption is close to one third of that exercised by the level of development. Some cautious policy conclusions are derived. …

Traditionally, national governance and corruption challenges have been seen as: i) particularly daunting in the poorer … undue influence. We construct a new set of ethics indices, encompassing forms of (legal) corruption not subject to … measurement in conventional (illegal) corruption indicators. It is found that manifestations of legal corruption may be more …

the overall efficiency of the system, including but beyond control of corruption. …

institutions and corruption. A simple game theoretic model is built to show that corruption produces a tragedy of the anticommons …. It is also shown that coordinated corruption or 'maffia' behaviour produces a better use of resources than uncoordinated … corruption. …

This paper analyses the anti-corruption activities of 24 transition countries in the period 1999-2002. These activities … are divided into omnibus anti-corruption programmes, legislative reform aimed at tackling corruption, and adherence to … international anti-corruption conventions. The paper presents a new measure for determining the extent of anti- corruption activity …

opportunity for him to match his opponent's bid in exchange for a bribe. In particular, we examine two types of corruption … possibility of matching the winner's bid in exchange for a bribe. While oral auctions are corruption free under the two … arrangements, corruption affects both bidding behavior, efficiency and the seller's expected revenue in a first-price auction. …