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    National Tsing Hua University Institutional Repository > 科技管理學院  > 經濟學系 > 期刊論文 >  Corruption and Cross-border Investment by Multinational Firms

    Please use this identifier to cite or link to this item: http://nthur.lib.nthu.edu.tw/dspace/handle/987654321/45211

    Title: Corruption and Cross-border Investment by Multinational Firms
    Authors: Wu, Shih-Ying
    教師: 吳世英
    Date: 2006
    Publisher: Elsevier
    Relation: Journal of Comparative Economics,Elsevier,Volume 34,December 2006,Pages 839-856
    Keywords: Corruption
    Foreign direct investment
    Multinational firm
    Abstract: Motivated by previous studies on the effect of corruption on foreign direct investment, we examine the impact of a distance measure of corruption between host and source countries on cross-border direct investment and find that corruption distance deters cross-border investment. The evidence indicates that corruption distance is not as serious a deterrent of outward direct investment from more-corrupt countries as it is from less-corrupt countries. We conclude that multinational firms with the capacity to engage in bribery can disregard this activity in transparent environments, whereas multinational firms accustomed to operating in transparent environments find it difficult to overcome the administrative complexities in corrupt environments. Journal of Comparative Economics 34 (4) (2006) 839–856.
    URI: http://www.elsevier.com/
    Appears in Collections:[經濟學系] 期刊論文

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