This paper is devoted to the increasingly relevant issue of corruption. Financial and economic literature has progressively focused its attention on the impact of corruption on the financial performances of listed companies, highlighting the existence of a negative relation between a corruption...

This paper verifies whether corruption and political stability affect the level of public expenditure. By using data from 28 European countries over a period of five years (2005-2009) and the corruption perception index drawn from transparency international, we find that higher levels of...