Between two evils: Investors prefer grand corruption!

Research, Preprint English OPEN
Graf Lambsdorff, Johann;
  • Publisher: Passau: Universit├Ąt Passau, Wirtschaftswissenschaftliche Fakult├Ąt
  • Subject: C21 | Petty Corruption | F21 | K42 | Grand Corruption,Petty Corruption,Extortion,Predictability,Opportunism,Public Utilities,Laws and Policies,Judiciary | Predictability | Judiciary | Grand Corruption | Opportunism | Laws and Policies | O17 | Public Utilities | Extortion
    • jel: jel:C21 | jel:F21 | jel:O17 | jel:K42
      ddc: ddc:330

Recent empirical studies claim that, in addition to levels of corruption, investors are deterred by its unpredictability. I claim instead that it is petty corruption that deters investors. I employ seven subcomponents of corruption for a sample of 102 countries that app... View more
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