State-Owned Enterprises as Bribe Payers: The Role of Institutional Environment
Our paper draws attention to a neglected channel of corruption—the bribe payments by state-owned enterprises (SOEs). This is an important phenomenon as bribe payments by SOEs fruitlessly waste national resources, compromising public welfare and national prosperity. Using a large dataset of 30,249 fi...
Authors: | ; ; ; |
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Tipo de documento: | Recurso Electrónico Artigo |
Idioma: | Inglês |
Verificar disponibilidade: | HBZ Gateway |
Journals Online & Print: | |
Fernleihe: | Fernleihe für die Fachinformationsdienste |
Publicado em: |
Springer Science + Business Media B. V
2019
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Em: |
Journal of business ethics
Ano: 2019, Volume: 159, Número: 1, Páginas: 221-238 |
Outras palavras-chave: | B
Institutional Theory
B Agency Theory B Bribery B Managerial rent seeking B State-owned enterprises |
Acesso em linha: |
Presumably Free Access Volltext (lizenzpflichtig) |
Resumo: | Our paper draws attention to a neglected channel of corruption—the bribe payments by state-owned enterprises (SOEs). This is an important phenomenon as bribe payments by SOEs fruitlessly waste national resources, compromising public welfare and national prosperity. Using a large dataset of 30,249 firms from 50 countries, we show that, in general, SOEs are less likely to pay bribes for achieving organizational objectives owing to their political connectivity. However, in deteriorated institutional environments, SOEs may be subjected to potential managerial rent-seeking behaviors, which disproportionately increase SOE bribe propensity relative to privately owned enterprises. Specifically, our findings highlight the importance of fostering democracy and rule of law, reducing prevalence of corruption and shortening power distance in reducing the incidence of SOE bribery. |
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ISSN: | 1573-0697 |
Obras secundárias: | Enthalten in: Journal of business ethics
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Persistent identifiers: | DOI: 10.1007/s10551-017-3768-z |