Local corruption and SME investment

Quoc Dat Trinh, Quoc Trung Tran, Son Dai Le and Thi Phuong Dung Nguyen

Finance Research Letters, 2024, vol. 65, issue C

Abstract: Prior research shows that corruption negatively affects corporate investment in large firms. However, we posit that this effect may be opposite in the context of SMEs. This paper investigates the relationship between local corruption and SME investment in a transition economy. With a sample of 262,767 observations, we document that local corruption is positively related to both SME investment expenditure and investment efficiency.

Keywords: Corruption; SMEs; Investment; Vietnam; Emerging markets (search for similar items in EconPapers)
JEL-codes: G32 G34 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s154461232400669x

DOI: 10.1016/j.frl.2024.105639

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