Exploring the relationship between freedom from corruption and business governance in the Oceania region

Suwastika Naidu and Anand Chand ()

Quality & Quantity: International Journal of Methodology, 2014, vol. 48, issue 6, 3489-3509

Abstract: This paper empirically investigates the relationship between Freedom from Corruption Index and business governance in the Oceania region by using the Pearson’s correlation coefficients, ordinary least square regression model and ordinary least square regression based decomposition analysis. This paper found that all eleven business governance indicators are positively correlated to Freedom from Corruption Index. Eight business governance indicators; namely, (1) trading across borders, (2) enforcing contracts, (3) resolving contracts, (4) ease of doing business, (5) registering property, (6) getting credit, (7) paying taxes and (8) starting a business significantly influences Freedom from Corruption Index. One standard deviation increase in eleven business governance indicators is associated with about 3.47 % point increase in Freedom from Corruption Index. All eleven business governance indicators contribute between 20 and 40 % differences in freedom from corruption in the Oceania region. All eleven business governance indicators contribute between 5.17 and 10.88 % to freedom from corruption in the Oceania region. Copyright Springer Science+Business Media Dordrecht 2014

Keywords: Freedom from Corruption Index; Business governance; Economic growth; Oceania region; Decomposition analysis (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s11135-013-9969-3

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