How Bribery Distorts Firm Growth :Differences by Firm Attributes

Şeker, Murat ; Yang, Judy S.

World Bank, Washington, DC

关键词: ABUSE;    ACCESS TO EXTERNAL FINANCE;    ACCESS TO FINANCE;    BACKBONE;    BRANCH;   

DOI  :  10.1596/1813-9450-6046
RP-ID  :  WPS6046

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

How corruption affects economicperformance has been studied for over a decade. Yet the lackof detailed firm-level data has limited research regardingwho is carrying the real burden of corruption. This studyshows that for firms in the Latin America and Caribbeanregion, bribery significantly distorts firm growth. Firmsthat pay bribes when conducting business transactions --such as applying for permits, electricity, or waterconnections -- have 24 percent lower annual sales growththan firms that do not face such solicitations. Moreover,these distortions are more severe for low-revenue-generatingand young firms. Using the instrumental variables method,the authors show that these results are robust to differentspecifications and the use of different sub-samples.