Does anti-bribery enforcement deter foreign investment?

Brad Graham; Caleb N. Stroup

DOI:10.1080/13504851.2015.1049333

Corpus ID: 218640318

Does anti-bribery enforcement deter foreign investment?

@article{Graham2016DoesAE,
  title={Does anti-bribery enforcement deter foreign investment?},
  author={Brad Graham and Caleb N. Stroup},
  journal={Applied Economics Letters},
  year={2016},
  volume={23},
  pages={63 - 67}
}

Brad Graham, Caleb N. Stroup

Published 2016

Applied Economics Letters

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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