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Corruption as a Barrier to Entry: Theory and Evidence
Campos, Nauro F.; Estrin, Saul; Proto, Eugenio - Institute for the Study of Labor (IZA) - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First …, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less … studied feature of corruption, namely bribe unavoidability. Second, we argue that the social costs of corruption arise not …
Persistent link: https://www.econbiz.de/10008682953
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Corruption as a barrier to entry: Theory and evidence
Campos, Nauro F.; Estrin, Saul; Proto, Eugenio - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First …, by arguing that corruption matters not so much because of the value of the bribe (tax), but because of another less … studied feature of corruption, namely bribe unavoidability. Second, we argue that the social costs of corruption arise not …
Persistent link: https://www.econbiz.de/10010274698
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Corruption as a barrier to entry : theory and evidence
Campos, Nauro; Estrin, Saul; Proto, Eugenio - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First …, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less … studied feature of corruption, namely bribe unavoidability. Second, we argue that the social costs of corruption arise not …
Persistent link: https://www.econbiz.de/10009153607
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Assessment on the “institutional economics” of corruption. Business and development in Romania, between formal and informal practices
Marinescu, Cosmin; Jora, Octavian-Dragomir - In: The AMFITEATRU ECONOMIC journal 15 (2013) Special 7, pp. 603-616
This paper intends to draw the attention on the very subtle consequences of the corruption in the operational field … meta-institutional sense as corrupt. Anyhow, many enough differences of operational corruption require the use of … institutional compared opinions about “corruption on a background of corrupt institutions” vs. „corruption on a background of …
Persistent link: https://www.econbiz.de/10010734442
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Corruption as a Barrier to Entry : Theory and Evidence
Campos, Nauro F. - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First …, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less … studied feature of corruption, namely bribe unavoidability. Second, we argue that the social costs of corruption arise not …
Persistent link: https://www.econbiz.de/10013136941
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Legal Institutions and Firm Performance in Brazil
Mueller, Bernardo - 2017
This paper analyses the specific mechanisms through which legal institutions and the Rule of Law affect firm performance using survey evidence from a sample of about 100 Brazilian firms in the textile and electronics industries. The data provide firms' perceptions of whether judicial...
Persistent link: https://www.econbiz.de/10012940968
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“Corporate Scene Investigation”: A Praxeological Attempt to Sketch the Profile  of the Entrepreneur in Modern Business
Jora, Octavian-Dragomir; Topan, Mihai-Vladimir; … - In: The AMFITEATRU ECONOMIC journal 17 (2015) 38, pp. 456-456
Mature capitalism and market economy realities become intelligible also by scrutinizing their “prodigal children”: modern business corporations. But these are not some undivided entities. Beyond the place in the global division of labour, they are fiefs of in-built specialization among the...
Persistent link: https://www.econbiz.de/10011201836
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Firms as Persons
Adelstein, Richard - Economics Department, Wesleyan University - 2013
This essay asks whether business firms should be treated as moral or legal persons, capable of bearing rights and duties as distinct entities. Building on earlier work describing firms as relational contracts in performance (Adelstein 2010), it considers the nature of legal and moral...
Persistent link: https://www.econbiz.de/10010659571
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The dark side of 'good' corporate governance: compliance-fuelled book-cooking activities
Kirchmaier, Thomas; Selvaggi, Mariano - London School of Economics (LSE) - 2006
We argue on theoretical grounds that obligatory compliance with stricter financial reporting rules (e.g. the US Sabanes-Oxley Act) may entail important unintended consequences. Paradoxically, the amount of misreporting may increase because corporate boards spend more valuable resources...
Persistent link: https://www.econbiz.de/10010745362
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firms as persons
Adelstein, Richard - In: Cahiers d’économie politique / Papers in Political … (2013) 65, pp. 161-182
This essay asks whether business firms should be treated as moral or legal persons, capable of bearing rights and duties as distinct entities. Building on earlier work describing firms as relational contracts in performance [Adelstein, 2010], it considers the nature of legal and moral...
Persistent link: https://www.econbiz.de/10010709809