This study investigates whether corruption differentially affects contracting through auctions and negotiations. Using data on Chinese land-market transactions, where corruption is known to be present, we first show that, on average, it exerts similar effects on transactions carried out via...

Corruption has resulted in numerous social, economic, and developmental issues in both developed and developing nations. The study applied Vector Autoregression approach to analyze and model bidirectional relationship between corruption perceptions index and three macroeconomic variables,...

Greenwashing undermines the trustworthiness and integrity of environmental, social, and governance (ESG) reporting. It undermines disclosure quality, confuses decision making, destabilizes financial markets, and reduces the probability that people will trust the supplied information. This...

Drawing on the pragmatic turn in contemporary social theory, we explore how corporate elites accused of corruption in the context of weak institutions engage in their justification works. Empirically, we focus on three high-profile corruption scandals that shook Ghana between 2010 and 2020 and...

Being indebted represents significant risks associated with global financial instability in a world where financial stability hangs precariously between debt and economic growth. The International Monetary Fund (IMF) casts a critical eye over countries navigating the perilous seas of fiscal...

Our investigation examined the impact of ESG (Environmental, Social, and Governance) activities on corporate financial distress. This research utilised data from companies listed in the FTSE All-Share index from 2014 to 2022 from the Refinitiv EIKON database. We incorporated year- and...

This paper examines the data sources and methodologies used in economic research on corruption by analyzing 339 journal articles published in 2022 that include Journal of Economic Literature codes. The paper identifies the most commonly used data types, sources, and geographical foci, as well as...

Using a dynamic panel dataset of 150 countries for the period of 2006-2018 and a twostep system GMM estimation model, this paper shows that natural resources have a positive effect on economic development while holding corruption constant. Our findings support the notion that natural resources...

Widening income disparities, higher corruption and larger informality in many emerging market and developing economies (EMDE) including Latin America, all with pressing and mounting fiscal problems, have rekindled interest in the empirical analysis of the key factors determining the occurrence...

Theory and evidence from the behavioral science literature suggest that the widespread and rising use of lingua francas in the workplace may impact the ethical decision-making of individuals who must use foreign languages at work. We test the impact of foreign language usage on individuals’...

The changing geopolitical situation in the European region has actualized the issues of further EU enlargement. As a result, the relevance of studying many aspects of the functioning economic systems of candidate countries has increased. In this context, the purpose of this article is to...

Leib et al. (2024) examine how artificial intelligence (AI) generated advice affects dishonesty compared to equivalent human advice in a laboratory experiment. In their preferred empirical specification, the authors report that dishonesty-promoting advice increases dishonest behavior by...

To what extent can anti-corruption measures serve to limit patronage and corrupt networks effectively and sustainably in clientelist societies with a prevailing norm of corruption? We develop a political agency model in which office holders are motivated to reduce rent seeking behavior through...

Approximately 42% of European public procurement contracts are awarded to a sole bidder. As this market represents about one-seventh of GDP in developed countries, any inefficiency is a first-order concern. This paper examines a Czech reform that prohibited awarding such single-bid contracts....

This analysis uses known corruption cases, serious enough to be prosecuted by governments, to develop an empirical description of the nature of corruption and its connections to organized crime. More than 200 cases from the U.S. covering an entire year are compared with nearly 300 corruption...

This study investigates the impact of U.S. economic sanctions on internal instability and conflict using a global sample. Our analysis, which includes cross-country and panel data from over 120 countries between 1996 and 2022, shows that economic sanctions increase the risk of internal conflict...

In all successful economic societies, trust is a unity factor. By contrast, the absence of trust leads to poor economic performance and negative social implications. In this paper, we uncover the relationships among social trust, corruption, and the duration of economic crises. Our theoretical...

This study analyses the long-term impacts of corruption on economic growth within the Southern African Development Community (SADC) region, using data spanning 2005 to 2022. Through econometric modelling covering SADC countries, the research investigates the influence of corruption on the...

In contemporary times, energy sustainability and security have become essential economic concerns globally. Nonetheless, in addition to these concerns, inadequate governance inside a corporation within the energy industry may result in corruption and energy instability within the sector. The...

This study provides the first empirical assessment of the causal impact of bureaucratic corruption on firms' financial constraints in Nigeria by calculating treatment effects using linear and non-linear estimators to account for potential heterogeneous treatment effects across firm groups....

The present work investigates the effect of institutional quality on Africa's underground economy, as well as the mechanisms that modulate this effect. Considering cross-sectional dependency between panels, this study considers data of 41 African countries from the period 1996 to 2017 and the...

Corruption and informality are issues which have attracted a great amount of empirical research, since they are variables that can affect economic development in various and complex ways, with direct and indirect effects on economic growth. In this context, the objective of this investigation is...

Public procurement in North Macedonia amounted to 16 percent of total government expenditure in 2018, or 5 percent of gross domestic product. The country's public procurement is also vulnerable to corruption risks, which typically push prices up, leading to overspending. To support better budget...

The academic literature has viewed drivers of corruption in isolation and, consequently, failed to examine their synergistic effect. Such an isolated view provides incomplete information, leads to a misleading conclusion, and causes great difficulty in curbing corruption. This paper conducts a...

Government intention to spur innovation can result in the proliferation of low-quality patents, which is especially pronounced in countries with a low level of government accountability. This study examines the paradoxical effects of government-funded innovation in weakly institutionalized...