Does anti-bribery enforcement deter foreign investment?

@article{Graham2015DoesAE,
  title={Does anti-bribery enforcement deter foreign investment?},
  author={Bradley J. Graham and Caleb Stroup},
  journal={Applied Economics Letters},
  year={2015},
  volume={23},
  pages={63 - 67}
}
Abstract This article presents the first empirical evidence that bilateral fixed capital flows fall in response to anti-bribery enforcement actions. We hand-collect data on individual enforcement actions initiated by the US Department of Justice (DOJ) and show that anti-bribery enforcement in a country is followed by a 40% reduction in foreign fixed capital investments made by US companies in that country. 
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12 Citations

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