Does it pay to bribe? : evidence from corruption cases

This dissertation studies in detail how corruption is carried out in practice, and to what extent firms paying bribes can benefit from such political rent seeking activities. Based on 142 corruption cases publicized by the media during the period 1990 to 2005, I identify a set of publicly traded companies which were involved in bribing local or foreign bureaucrats and corrupt bureaucrats from 46 countries…


2.1 Introduction
2.2 Literature Review on Corruption
2.3 Literature Review on Political Connections
2.4 Summary
CHAPTER 3. Does It Pay to Bribe?
Short-term and Long-run Effects of Corruption Activities
3.1 Introduction
3.2 Data
3.3 Descriptive Statistics
3.4 Short-run Valuation Effects of Corruption Activities
3.5 Long-term Performance Implication of the Bribe-paying Firms
3.6 Discussion of the Results
CHAPTER 4. Which Factors Explain the Benefits from Corruption Activities
4.1 Introduction
4.2 Empirical Framework
4.3 Regression Analysis
4.4 Robustness Checks…

Author: Ge, Hui

Source: City University of Hong Kong

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