Grease or Sand in the Wheels of Commerce? Firm Level Evidence on Corruption and SMES

Bribes can either put ‘grease’ or ‘sand’ in the wheels of commerce, affecting firm performance (at the micro‐level) and, ultimately, economic growth (at the macro‐level). This study examines this issue using a unique and exceptionally rich dataset on over 2000 micro, small and medium scale enterpris...

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Bibliographic Details
Main Authors:	Mendoza, Ronald U, Lim, Ricardo A, Lopez, Anne Ong
Format:	text
Published:	Archīum Ateneo 2015
Subjects:	Business Law, Public Responsibility, and Ethics Economics
Online Access:	https://archium.ateneo.edu/asog-pubs/120 https://onlinelibrary.wiley.com/doi/abs/10.1002/jid.3077
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Institution:	Ateneo De Manila University

id	ph-ateneo-arc.asog-pubs-1119
record_format	eprints
spelling	ph-ateneo-arc.asog-pubs-11192020-07-17T07:14:58Z Grease or Sand in the Wheels of Commerce? Firm Level Evidence on Corruption and SMES Mendoza, Ronald U Lim, Ricardo A Lopez, Anne Ong Bribes can either put ‘grease’ or ‘sand’ in the wheels of commerce, affecting firm performance (at the micro‐level) and, ultimately, economic growth (at the macro‐level). This study examines this issue using a unique and exceptionally rich dataset on over 2000 micro, small and medium scale enterprises in over 30 cities in the Philippines. Using instruments such as industry‐location averages of corruption to deal with endogeneity and drawing on unique contextual information on public–private interactions on bribery, this study finds evidence that corruption greases the wheels of commerce for Philippine SMEs, particularly in cities with poor business environments. Copyright © 2015 John Wiley & Sons, Ltd. 2015-03-18T07:00:00Z text https://archium.ateneo.edu/asog-pubs/120 https://onlinelibrary.wiley.com/doi/abs/10.1002/jid.3077 Ateneo School of Government Faculty Publications Archīum Ateneo Business Law, Public Responsibility, and Ethics Economics
institution	Ateneo De Manila University
building	Ateneo De Manila University Library
country	Philippines
collection	archium.Ateneo Institutional Repository
topic	Business Law, Public Responsibility, and Ethics Economics
spellingShingle	Business Law, Public Responsibility, and Ethics Economics Mendoza, Ronald U Lim, Ricardo A Lopez, Anne Ong Grease or Sand in the Wheels of Commerce? Firm Level Evidence on Corruption and SMES
description	Bribes can either put ‘grease’ or ‘sand’ in the wheels of commerce, affecting firm performance (at the micro‐level) and, ultimately, economic growth (at the macro‐level). This study examines this issue using a unique and exceptionally rich dataset on over 2000 micro, small and medium scale enterprises in over 30 cities in the Philippines. Using instruments such as industry‐location averages of corruption to deal with endogeneity and drawing on unique contextual information on public–private interactions on bribery, this study finds evidence that corruption greases the wheels of commerce for Philippine SMEs, particularly in cities with poor business environments. Copyright © 2015 John Wiley & Sons, Ltd.
format	text
author	Mendoza, Ronald U Lim, Ricardo A Lopez, Anne Ong
author_facet	Mendoza, Ronald U Lim, Ricardo A Lopez, Anne Ong
author_sort	Mendoza, Ronald U
title	Grease or Sand in the Wheels of Commerce? Firm Level Evidence on Corruption and SMES
title_short	Grease or Sand in the Wheels of Commerce? Firm Level Evidence on Corruption and SMES
title_full	Grease or Sand in the Wheels of Commerce? Firm Level Evidence on Corruption and SMES
title_fullStr	Grease or Sand in the Wheels of Commerce? Firm Level Evidence on Corruption and SMES
title_full_unstemmed	Grease or Sand in the Wheels of Commerce? Firm Level Evidence on Corruption and SMES
title_sort	grease or sand in the wheels of commerce? firm level evidence on corruption and smes
publisher	Archīum Ateneo
publishDate	2015
url	https://archium.ateneo.edu/asog-pubs/120 https://onlinelibrary.wiley.com/doi/abs/10.1002/jid.3077
_version_	1681506758228443136

Grease or Sand in the Wheels of Commerce? Firm Level Evidence on Corruption and SMES

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