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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