Bribe payments and state ownership: The impact of state ownership on bribery propensity and intensity
This study examines the degree of state ownership on corporate bribery. Integrating the theories of state ownership and corporate corruption, we propose that state ownership influences bribery propensity and bribery intensity in different ways; it lowers a firm's tendency to pay bribes but incr...
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sg-smu-ink.lkcsb_research-82022024-02-20T07:59:12Z Bribe payments and state ownership: The impact of state ownership on bribery propensity and intensity YI, Jingtao CHEN, Liang MENG, Shuang LI, Sali SHAHEER, Noman This study examines the degree of state ownership on corporate bribery. Integrating the theories of state ownership and corporate corruption, we propose that state ownership influences bribery propensity and bribery intensity in different ways; it lowers a firm's tendency to pay bribes but increases the relative amount of bribery payment. Building on the control rights/bargaining hypotheses, we demonstrate that state ownership shields firms from bribery demands by reducing administrative hurdles that include bureaucratic requirements of obtaining licenses or settling taxes in business operations. However, state ownership elevates the level of bribes by weakening their capital mobility. Using a sample of 23,018 firms from 54 countries covering 2006 to 2013, we find evidence to support our hypotheses. This article contributes to corruption research by drawing attention to an important channel of corruption and by highlighting the importance of considering not only the propensity but also the intensity of bribe payments. 2023-05-01T07:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/7203 info:doi/10.1177/00076503221124860 https://doi.org/10.1177/00076503221124860 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Bribery intensity bribery propensity corruption mechanism testing state ownership Business Strategic Management Policy |
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Bribery intensity bribery propensity corruption mechanism testing state ownership Business Strategic Management Policy YI, Jingtao CHEN, Liang MENG, Shuang LI, Sali SHAHEER, Noman Bribe payments and state ownership: The impact of state ownership on bribery propensity and intensity |
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This study examines the degree of state ownership on corporate bribery. Integrating the theories of state ownership and corporate corruption, we propose that state ownership influences bribery propensity and bribery intensity in different ways; it lowers a firm's tendency to pay bribes but increases the relative amount of bribery payment. Building on the control rights/bargaining hypotheses, we demonstrate that state ownership shields firms from bribery demands by reducing administrative hurdles that include bureaucratic requirements of obtaining licenses or settling taxes in business operations. However, state ownership elevates the level of bribes by weakening their capital mobility. Using a sample of 23,018 firms from 54 countries covering 2006 to 2013, we find evidence to support our hypotheses. This article contributes to corruption research by drawing attention to an important channel of corruption and by highlighting the importance of considering not only the propensity but also the intensity of bribe payments. |
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YI, Jingtao CHEN, Liang MENG, Shuang LI, Sali SHAHEER, Noman |
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YI, Jingtao CHEN, Liang MENG, Shuang LI, Sali SHAHEER, Noman |
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YI, Jingtao |
title |
Bribe payments and state ownership: The impact of state ownership on bribery propensity and intensity |
title_short |
Bribe payments and state ownership: The impact of state ownership on bribery propensity and intensity |
title_full |
Bribe payments and state ownership: The impact of state ownership on bribery propensity and intensity |
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Bribe payments and state ownership: The impact of state ownership on bribery propensity and intensity |
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Bribe payments and state ownership: The impact of state ownership on bribery propensity and intensity |
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bribe payments and state ownership: the impact of state ownership on bribery propensity and intensity |
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Institutional Knowledge at Singapore Management University |
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2023 |
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https://ink.library.smu.edu.sg/lkcsb_research/7203 https://doi.org/10.1177/00076503221124860 |
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