This study examines the effects of anti-corruption and equity incentive risk on financial misreporting in the context of China’s unique corporate ownership structure and governance regime. Using a sample comprising 2,708 cases of financial restatement over the 2007-2017 period. Our key...

This study examines the determinants of anti-corruption disclosures and the effect of disclosures on the profitability and financial stability of extractive firms in Africa. The study also tests the presence of convergence in anti-corruption disclosure, profitability, and financial stability of...

This paper examines how political corruption affects M&A activities. By exploiting the public enforcement of the anti-corruption campaign across different regions in China, we find in a difference-in-difference (DID) setting that the reduction in corruption increases cross-region takeover...

We evaluate the impact of the last Chinese anti-corruption campaign (ACC) on firms’ investment. We exploit the sudden and abnormal surge in the rate of “Tigers” investigations due to the increase in anti-corruption monitoring. This change led to an overall decrease in investment of private...

Registers that collect data on beneficial owners, individuals who, either directly or indirectly, has the power to control companies or enjoy the benefits of ownership, are being implemented in many countries as part of the AML measures. Governments here want to know benefits from a company, to...

First, the article explores the interaction between Law & Development movements and the emerging field of Development Law. After reviewing the key elements of the rule of law, I move to discuss its relation with different aspects of development in the Arab world: economic, social, and political...

While there is substantial corruption in developing countries, the costs imposed by corruption on individuals and households are little understood. This study examines the relationship between exposure to local corruption and mental health, as measured by depressive symptoms. We use two large...

This chapter focuses on private firms' compliance with norms concerning transnational bribery. It begins with an overview of the regulatory context and obstacles to effective enforcement norms against transnational bribery. It then reviews how compliance is defined, how it ought to be defined,...

While there is substantial corruption in developing countries, the costs imposed by corruption on individuals and households are little understood. This study examines the relationship between exposure to local corruption and mental health, as measured by depressive symptoms. We use two large...

In this thesis I analyze anti-corruption in multinational companies by examining how it is practiced by compliance officers. In light of a growing number of studies conceptualizing anti-corruption as a macro-structural norm or a micro-exchange between individuals, and scholarly calls for more...

Although the OECD Anti-Bribery Convention has been signed by dozens of countries, only some of them enforce the laws against foreign bribery. To estimate whether the enforcement deters exports, we use a microfounded gravity model of bilateral trade flows of 132 countries. Our results imply that...

"Public-Private Partnerships (PPP) allow the public sector to seek alternative funding and expertise from the private sector during procurement processes. Such partnerships, if executed with due diligence, often benefit the public immensely. Unfortunately, Public-Private Partnerships can be...

We study how the disclosure of corrupt practices affects the growth of firms involved in illegal interactions with the government using randomized audits of public procurement in Brazil. On average, firms exposed by the anti-corruption program grow larger after the audits, despite experiencing a...

We advance a novel hypothesis that China's recent anti-corruption campaign may have contributed to the recent resurgence of the state-owned enterprises (SOEs) in China as an unintended consequence. We explore the nexus between the anti-corruption campaign and the SOE resurgence by presenting...

The OECD Integrity Review of the Slovak Republic provides concrete recommendations for strengthening the Slovak Republic’s Anti-Corruption Policy, in particular through identifying key corruption risk areas. It analyses integrity standards, including on conflict of interest and post-public...

The problem of corruption in socio-economic development has long been a focus of academics and practitioners. To address this concern in China, the 18th National Congress of the Communist Party of China instituted a new anti-corruption policy. In this paper, we examine the impact of this...

Periodic rotation of staff in public administration may lead to lower corruption, as it disrupts long-term relationships between public officials and potential bribers. This paper proposes an~experimental design that tests the~anti-corruption effect of staff rotation in situations where public...

This paper examines why despite increasing corruption since the 1980s, China's development has advanced so rapidly. The author argues that a strong developmental state, the prevalence of "developmental corruption" over "predatory corruption" and a temporary and relative acceptance of leading...

The cost of official corruption is high: it degrades public trust, impedes economic development, and undermines the rule of law. Countries around the world are increasingly using asset recovery measures to pursue justice in official corruption cases and restore funds to public use. Successful...

The problem of corruption in socio-economic development has long been a focus of academics and practitioners. To address this concern in China, the 18th National Congress of the Communist Party of China instituted a new anti-corruption policy. In this paper, we examine the impact of this...

This paper seeks to establish the relationship between corruption, development and economic growth in Nigeria. The paper draws on rapidly growing body of theoretical and empirical literature on corruption and its impact on economic development and growth. It starts with an introduction and...