From the Top Down: Does Corruption Affect Performance?

Maurizio La Rocca, Tiziana La Rocca, Francesco Fasano and Javier Sanchez-Vidal

Papers from arXiv.org

Abstract: Corruption, fraud, and unethical activities have emerged as significant obstacles to global economic, political, and social progress. Although many empirical studies have focused on country-level corruption metrics, this study is the first to utilize a substantial international dataset to assess the effects of illicit and unethical managerial practices on firm performance. Employing cross-sectional data, this research examines the influence of corruption on corporate outcomes. Our definition of corruption evaluates the degree to which managers engage in mismanagement, misconduct, or corrupt activities. The repercussions for corporate governance, especially concerning the process of appointing managers, are both crucial and strategic.

Date: 2023-10
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/2310.20028 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2310.20028

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().