| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14341 |
| DP14341 Corporate Profitability and the Global Persistence of Corruption | |
| Stephen P. Ferris; Jan Hanousek | |
| 发表日期 | 2020-01-22 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We examine the persistence of corporate corruption for a sample of privately-held firms from 12 Central and Eastern European countries over the period 2001 to 2015. Creating a proxy for corporate corruption based on a firm’s internal inefficiency, we find that corruption enhances a firm’s profitability. A channel analysis further reveals that inflating staff costs is the most common approach by which firms divert funds to finance corruption. We conclude that corruption persists because of its ability to improve a firm’s return on assets, which we refer to as the Corporate Advantage Hypothesis. |
| 主题 | Development Economics ; Financial Economics |
| 关键词 | Central and eastern europe Corruption Inefficiency Performance Private firms |
| URL | https://cepr.org/publications/dp14341 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543233 |
| 推荐引用方式 GB/T 7714 | Stephen P. Ferris,Jan Hanousek. DP14341 Corporate Profitability and the Global Persistence of Corruption. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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