Firm-level corruption: Unravelling sand from grease

Axel Demenet, Hoang-Anh Ho and Sarah Morcillo

No wp-2017-123, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

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.

Keywords: Corruption; Firm performance; Small and medium enterprises; Viet Nam (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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