US political corruption

Identifying the channels of bribes for firms' financial policies

Emmanuel Apergis, Nicholas Apergis

Research output: Contribution to journalArticle

Abstract

This paper presents first-time evidence on ‘channel-based’ firm corruption in the US, spanning the period 2000–2010. By employing conviction, type of bribery, ethnicity firm-level data, and two alternative panel econometric approaches for robustness, the empirical analysis documents first, that the cash payment channel dominates bribery activities in relevance to the firms' financial policies, while ethnicity groups do matter in exemplifying the role of those channels, with the Anglo-Saxon group dominating such activities. The results could be of substantial importance for regulators in developing venues to capture corruption activities.

Original languageEnglish
Pages (from-to)87-94
Number of pages8
JournalInternational Review of Financial Analysis
Volume54
Early online date28 Sep 2017
DOIs
Publication statusPublished - Nov 2017
Externally publishedYes

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Bribes
Corruption
Financial policy
Bribery
Ethnic groups
Firm-level data
Empirical analysis
Robustness
Payment
Panel econometrics
Cash

Cite this

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US political corruption : Identifying the channels of bribes for firms' financial policies. / Apergis, Emmanuel; Apergis, Nicholas.

In: International Review of Financial Analysis, Vol. 54, 11.2017, p. 87-94.

Research output: Contribution to journalArticle

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