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} }
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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