• DOI:10.3386/W5266
Corpus ID: 167629702

Forbidden Payment: Foreign Bribery and American Business After 1977

@article{Hines1995ForbiddenPF,
  title={Forbidden Payment: Foreign Bribery and American Business After 1977},
  author={J. Hines},
  journal={National Bureau of Economic Research},
  year={1995}
}

J. Hines, J. Hines

Published 1995

Business

National Bureau of Economic Research

The United States prohibits American individuals and corporations from bribing foreign government officials. Legislation enacted in 1976 and 1977 stipulates tax penalties, fines, and even prison terms for executives of American companies that pay illegal bribes. This paper examines the effect of US anti-bribery legislation on the operations of US firms in bribe-prone countries after 1977. Four separate indicators reveal that US business activities in these countries fell sharply after passage… CONTINUE READING

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