Firms’ Legality and Efficiency: Evidence from Public Procurement

Elisabetta Iossa () and Chiara Latour ()
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Elisabetta Iossa: CEIS & DEF, University of Rome "Tor Vergata", http://www.ceistorvergata.it
Chiara Latour: University of Stockholm

No 592, CEIS Research Paper from Tor Vergata University, CEIS

Abstract: Do firms with higher legality standards contribute to better procurement outcomes? We address this question in the context of Italian public works procurement, by combining contract-level data on procurement and firm-level data on legality scores, using the Legality Rating System managed by the Italian Antitrust Authority. We find that higher legality scores are positively associated with a significant and economically important improvement in procurement efficiency, measured by shorter time delays and lower extra costs.

Keywords: Cartels; corruption; firm efficiency; legality; procurement (search for similar items in EconPapers)
JEL-codes: H57 K40 L4 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2025-02-10, Revised 2025-02-10
New Economics Papers: this item is included in nep-eff, nep-eur, nep-law and nep-reg
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