Firm Development and Bribery: An Empirical Study from Latin America

IF 0.5 Q4 ECONOMICS ATLANTIC ECONOMIC JOURNAL Pub Date : 2018-10-21 DOI:10.2139/ssrn.3435902

Ruohan Wu

引用次数: 8

Abstract

This empirical research investigated how bribery by firms influences their development. The most recent firm-level data were acquired from four Latin American countries (Argentina, Bolivia, Paraguay, and Peru) and looked into the firms’ innovation capability. A translog function was used to estimate the firms’ productivity. Bribery was defined as informal payments by firms to public officials to “get things done”. In order to mitigate the endogeneity in the estimation, an instrumental variable was used for firms’ bribery payments. Bribery was found to have a significantly negative impact on both innovation capability and productivity of the observed firms. Other firm-level characteristics, such as government relationships, industry experience, participation in the global market, and number of employees, were also closely related to firm development.

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企业发展与贿赂:来自拉丁美洲的实证研究

本实证研究考察了企业贿赂对企业发展的影响。最新的公司层面数据来自四个拉丁美洲国家(阿根廷、玻利维亚、巴拉圭和秘鲁)，并研究了公司的创新能力。利用超对数函数来估计企业的生产率。贿赂被定义为公司为“完成任务”而向政府官员支付的非正式款项。为了减轻估计中的内生性，我们对企业的贿赂支付使用了一个工具变量。研究发现，贿赂对被调查企业的创新能力和生产率都有显著的负向影响。其他企业层面的特征，如政府关系、行业经验、参与全球市场和员工数量，也与企业发展密切相关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

ATLANTIC ECONOMIC JOURNAL ECONOMICS-

CiteScore

1.30

自引率

16.70%

发文量

期刊介绍： The Atlantic Economic Journal (AEJ) has an international reputation for excellent articles in all interest areas, without regard to fields or methodological preferences. Founded in 1973 by the International Atlantic Economic Society, a need was identified for increased communication among scholars from different countries. For over 30 years, the AEJ has continuously sought articles that traced some of the most critical economic changes and developments to occur on the global level. The journal''s goal is to facilitate and synthesize economic research across nations to encourage cross-fertilization of ideas and scholarly research. Contributors include some of the world''s most respected economists and financial specialists, including Nobel laureates and leading government officials. AEJ welcomes both theoretical and empirical articles, as well as public policy papers. All manuscripts are submitted to a double-blind peer review process. In addition to formal publication of full-length articles, the AEJ provides an opportunity for less formal communication through its Anthology section. A small point may not be worthy of a full-length, formal paper but is important enough to warrant dissemination to other researchers. Research in progress may be of interest to other scholars in the field. A research approach ending in negative results needs to be shared to save others similar pitfalls. The Anthology section has been established to facilitate these forms of communication. Anthologies provide a means by which short manuscripts of less than 500 words can quickly appear in the AEJ. All submissions are formally reviewed by the Board of Editors. Officially cited as: Atl Econ J