G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w29624
来源IDWorking Paper 29624
The Political Economy of Anti-Bribery Enforcement
Lauren Cohen; Bo Li
发表日期2022-01-03
出版年2022
语种英语
摘要This paper documents novel evidence on the influence of political incentives in the regulatory enforcement of foreign bribery. Using exogenous variation in the timing and geographic location of U.S. Congressional elections, we find that the probability of a Foreign Corrupt Practices Act (FCPA) enforcement action against foreign firms located in the Senator’s jurisdiction increases significantly pre-election, spiking 23%, with zero equivalent move for equivalently global (but domestic-headquartered) firms in the Senator’s jurisdiction. Using hand-collected case-level data from the U.S. SEC and DOJ, we also observe larger discretion in regions where foreign firms are larger global competitors of in-state firms, operate in locally important industries, and when Senators serve as the Chairman of the Senate Judiciary Committee (which oversees the DOJ). Anti-bribery enforcement has electoral implications, leading to spikes in media coverage of the FCPA enforcement coupled with greater vote shares for the Senator. Moreover, the cases pushed through against these foreign firms just prior to elections appear to be weaker cases. The enforcements result in real effects, as in response to strategic timing in enforcement, firms reallocate business segments and sales.
主题International Economics ; Trade ; International Finance ; Globalization and International Relations ; Financial Economics ; Financial Institutions ; Corporate Finance ; Other ; Law and Economics
URLhttps://www.nber.org/papers/w29624
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/587297
推荐引用方式
GB/T 7714
Lauren Cohen,Bo Li. The Political Economy of Anti-Bribery Enforcement. 2022.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w29624.pdf(1974KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Lauren Cohen]的文章
[Bo Li]的文章
百度学术
百度学术中相似的文章
[Lauren Cohen]的文章
[Bo Li]的文章
必应学术
必应学术中相似的文章
[Lauren Cohen]的文章
[Bo Li]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w29624.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。