Climate change, corruption, and business bribes in South Asia

Hanol Lee and Toure Moumbark

Finance Research Letters, 2022, vol. 47, issue PB

Abstract: Firms in many South Asian countries are not only directly affected by natural disasters, but also indirectly affected by natural disaster-induced corruption of public officials. Public officials might have incentives to solicit bribes when natural disasters occur. This study explores the relationship between firms’ perceived corruption and public officials’ bribery behavior by analyzing firm-level data for five South Asian countries from the World Bank Enterprise Survey. The results showed that floods positively associated with corruption. Corruption was positively associated with bribery, and probability of soliciting bribery increased by 18% for each consecutive level of corruption perceived by the firm.

Keywords: Climate change; Corruption; Bribery; Informal payment; South Asia (search for similar items in EconPapers)
JEL-codes: D73 D81 O53 Q54 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:47:y:2022:i:pb:s1544612322000149

DOI: 10.1016/j.frl.2022.102685

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