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
    402 Citations

    References

    SHOWING 1-7 OF 7 REFERENCES
    The economics of corruption
    • 471
    Politicians and Firms
    • 2,648
    Corruption and Growth
    • 5,408