NDLI: Does bribery help or hurt firm growth around the world?

Content Provider	Springer Nature Link
Author	Zhou, Jessie Qi Peng, Mike W.
Copyright Year	2011
Abstract	Does bribery help or hurt firm growth? Some suggest that bribery greases the wheel of commerce, while others believe that bribery sands the wheel of growth. We argue that firms endogenously choose their level of bribery according to their environments and that the benefits and costs may differ for different types of bribery. Specifically, small firms are more likely to be forced to engage in bribery, while big firms may strategically engage in bribery. Utilizing a large, cross-country survey sample involving 2,686 firms in 48 countries, we find that firms choose a higher level of bribery when embedded in under-developed market-supporting institutions. After controlling for endogenous bribery choices, bribery hurts firm growth for small and medium-sized firms, but not for large firms.
Starting Page	907
Ending Page	921
Page Count	15
File Format	PDF
ISSN	02174561
Journal	Asia Pacific Journal of Management
Volume Number	29
Issue Number	4
e-ISSN	15729958
Language	English
Publisher	Springer US
Publisher Date	2011-12-02
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Institutional environments Bribery Firm size Firm growth Management/Business for Professionals Business/Management Science
Content Type	Text
Resource Type	Article
Subject	Business and International Management Economics, Econometrics and Finance Strategy and Management

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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Does bribery help or hurt firm growth around the world?