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- W2738078121 abstract "This paper adds to the recent literature on firm-level corruption by relying on rich data including detailed information on the purpose and amounts of bribe payments among Vietnamese micro, small, and medium firms. Using industry-location averages to instrument for firm-level bribe payments in both a cross-sectional and a panel setting, we provide evidence of a large and significant positive association between corruption and firm performance. We further show that the type of bribe payment does matter: only the payments that can arguably be considered ‘voluntary’ (rather than extortive) drive this association." @default.
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- W2738078121 date "2017-01-01" @default.
- W2738078121 modified "2023-09-26" @default.
- W2738078121 title "Firm-level corruption: Unravelling sand from grease" @default.
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- W2738078121 doi "https://doi.org/10.35188/unu-wider/2017/349-3" @default.
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