Does anti-bribery enforcement deter foreign investment?

  title={Does anti-bribery enforcement deter foreign investment?},
  author={B. Graham and C. Stroup},
  journal={Applied Economics Letters},
  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. 
5 Citations
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