Revealing Corruption: Firm and Worker Level Evidence from Brazil

Emanuele Colonnelli, Spyridon Lagaras, Jacopo Ponticelli, Mounu Prem and Margarita Tsoutsoura

No asrz4, SocArXiv from Center for Open Science

Abstract: We study how the disclosure of corrupt practices affects firms and their employees. We construct novel firm-level measures of involvement in corrupt practices using randomized audits and public procurement suspensions in Brazil. On average, exposed firms grow larger after the audits. However, this result masks large heterogeneity depending on the degree of firm involvement in the corruption scheme. Using contract-, loan-, and worker- level data, we show that highly corrupt firms suffer after anti-corruption initiatives, while other exposed firms grow by changing their investment strategy when shifting away from doing business with the government.

Date: 2020-12-30
New Economics Papers: this item is included in nep-acc, nep-bec and nep-law
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Citations: View citations in EconPapers (1)

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https://osf.io/download/5feb89d61e6d9702b22fa586/

Related works:
Journal Article: Revealing corruption: Firm and worker level evidence from Brazil (2022)
Working Paper: Revealing Corruption: Firm and Worker Level Evidence from Brazil (2022)
Working Paper: Revealing Corruption: Firm and Worker Level Evidence from Brazil (2021)
Working Paper: Revealing Corruption: Firm and Worker Level Evidence from Brazil (2021)
Working Paper: Revealing Corruption: Firm and Worker Level Evidence from Brazil (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:asrz4

DOI: 10.31219/osf.io/asrz4

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