Political Corruption And Corporate Finance

Author : Quoc Trung Tran,Duc Khuong Nguyen
Publisher : World Scientific
Page : 317 pages
File Size : 44,5 Mb
Release : 2023-10-23
Category : Business & Economics
ISBN : 9781800614277

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Political Corruption And Corporate Finance by Quoc Trung Tran,Duc Khuong Nguyen Pdf

From a taboo topic in the early 1990s, corruption has now become an intriguing economic issue attracting broad attention from academics and practitioners. Political Corruption and Corporate Finance is the first attempt to scrutinize the effect of political corruption on corporate finance. It provides readers with a comprehensive overview of corruption-related issues and theoretical and empirical studies in corporate finance. This book summarizes the causes and effects of political corruption as well as anti-corruption mechanisms and initiatives; analyzes how political corruption at both state and local levels determines corporate financial decisions (investment, financing, and dividend); and discusses how the corruption environment determines firm-level financial behavior.The first three chapters of the book introduce political corruption, the status of political corruption, and anti-corruption campaigns around the world. The last three chapters focus on how firms make financial decisions, and the role of political corruption in corporate finance. By summarizing real problems and results from academic research, this work will help readers to understand how the corruption environment determines firm-level financial behavior.

Author : J. Kidd,F. Richter
Publisher : Springer
Page : 256 pages
File Size : 42,8 Mb
Release : 2002-11-14
Category : Business & Economics
ISBN : 9780230503540

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Corruption and governance in Asia by J. Kidd,F. Richter Pdf

This book delves into the nature of governance in Asia both at government and corporate level. It reviews the history and suggests potential solutions for years of underperformance due to the corrupt practices that have developed because of a poor understanding of corporate governance. The authors are experts in practices in Asia and their views are expressed in a sympathetic manner, at no time insisting that a western model of governance is correct. Instead the authors advise local models appropriate to the state of development and suggest that individual countries institute behavioural models that will mature as nations quickly develop in an increasingly global world.

Author : Iain McMenamin
Publisher : OUP Oxford
Page : 192 pages
File Size : 45,6 Mb
Release : 2013-01-31
Category : Political Science
ISBN : 9780191643989

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If Money Talks, What Does it Say? by Iain McMenamin Pdf

Why do businesses contribute to political parties? Is money a universal language? Do business contributions to political parties convey different messages in different countries? This book answers these questions based on intensive case studies of Australia, Canada, and Germany, as well as data from other countries. Business money does talk politics. In liberal Australia and Canada, the competitive short-term focus of firms generated substantial demand for private goods that could help firms develop an advantage over their rivals. Thus, business financing of parties conveyed a pragmatic message: in exchange for small but certain financial benefits, contributing businesses expect, as a reciprocation, to receive special consideration of their lobbying efforts. Australia's left-right party system created an awareness of policy risk, which motivated ideological payments, but there was no ideological bias in business financing of politics in centrist Canada. In Germany's co-ordinated economy, the most important policies for firms tend to be the public goods defined, championed, and delivered by their business associations. In this context, the pragmatic motivation for contributions to political parties is weak. The combination of consensual political institutions and constrained parties means there is a very low risk of major policy change from election to election. So, there is also little interest in ideological financing of political parties. If money talks, what does it say? places business financing of political parties in the context of debates about political corruption and offers advice on political reform. Comparative Politics is a series for students, teachers, and researchers of political science that deals with contemporary government and politics. Global in scope, books in the series are characterised by a stress on comparative analysis and strong methodological rigour. The series is published in association with the European Consortium for Political Research. For more information visit: www.ecprnet.eu The Comparative Politics series is edited by Professor David M. Farrell, School of Politics and International Relations, University College Dublin, Kenneth Carty, Professor of Political Science, University of British Columbia, and Professor Dirk Berg-Schlosser, Institute of Political Science, Philipps University, Marburg.

Author : Thorsten Beck,Ross Levine,Asl? Demirgüç-Kunt
Publisher : World Bank Publications
Page : 52 pages
File Size : 51,7 Mb
Release : 2003
Category : Banks and banking
ISBN : 8210379456XXX

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Bank Supervision and Corporate Finance by Thorsten Beck,Ross Levine,Asl? Demirgüç-Kunt Pdf

We examine the impact of bank supervision on the financing obstacles faced by almost 5,000 corporations across 49 countries. We find that firms in countries with strong official supervisory agencies that directly monitor banks tend to face greater financing obstacles. Moreover, powerful official supervision tends to increase firm reliance on special connections and corruption in raising external finance, which is consistent with political/regulatory capture theories. Creating a supervisory agency that is independent of the government and banks mitigates the adverse consequences of powerful supervision. Finally, we find that bank supervisory agencies that force accurate information disclosure by banks and enhance private monitoring tend to ease the financing obstacles faced by firms.

Author : R. Williams
Publisher : Springer
Page : 214 pages
File Size : 55,8 Mb
Release : 2000-08-10
Category : Political Science
ISBN : 9780333978061

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Party Finance and Political Corruption by R. Williams Pdf

This book offers an in-depth examination of party finance and political corruption in a variety of political contexts. Its central focus is on the relationship between different forms of raising party finance and the consequent implications for improper influence over policy making and implementations. It presents both a general discussion of the issues and a set of case studies which illuminate the particular experiences of Britain, the United States, Russia, Italy, Germany and Southeast Asia.

Author : Daniel Smilov
Publisher : Routledge
Page : 232 pages
File Size : 54,6 Mb
Release : 2016-04-22
Category : Political Science
ISBN : 9781317078791

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Political Finance and Corruption in Eastern Europe by Daniel Smilov Pdf

One characteristic of Central and Eastern European democracies in transition is the lack of stability in terms of accountability and transparency in practices of political party financing. This key volume provides a thorough and well-structured post-communist study of political finance, election campaign and party funding issues within this region, focusing specifically on Central and Eastern European countries. It outlines best practices for political party and election campaign financing, discusses the shortcomings of political funding schemes and highlights the scandals that emerge under investigation. Providing an illuminating analysis of how current regulations of political finance succeed in controlling the rise of political corruption, the volume will be indispensable for anyone interested in the efficiency of regulation in party funding.

Author : Elizangela Valarini,Markus Pohlmann,Subrata Mitra
Publisher : Springer Nature
Page : 425 pages
File Size : 43,9 Mb
Release : 2021-10-01
Category : Political Science
ISBN : 9783658343743

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Political Corruption and Organizational Crime by Elizangela Valarini,Markus Pohlmann,Subrata Mitra Pdf

Level of compliance - one of the most important prerequisites of good governance - varies widely across countries of the Global North and the less developed, Global South. Acts of non-compliance, such as electoral irregularities, dubious deals between private and public sectors, questionable role of the justice systems and financial scandals, though they vary greatly across countries, are an omnipresent reality of contemporary life. This volume has brought together a number of case studies of such deviant behavior in political, juridical and corporate fields, from several countries of Asia, Europe and South America, within a common framework. Instead of a moral approach based exclusively on the legality and illegality of the act, the authors of these essays dissect non-compliance analytically, taking culture and context into account. They argue that, while criminal and corrupt dealings deserve to be exposed by all means from an ethical point of view, seen from an interdisciplinary angle, one needs to probe deeper into the dynamic that leads to such non-compliance with the law in the first place.

Author : Michael S. Aßländer,Sarah Hudson
Publisher : Emerald Group Publishing
Page : 576 pages
File Size : 50,6 Mb
Release : 2017-09-13
Category : Business & Economics
ISBN : 9781786354457

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The Handbook of Business and Corruption by Michael S. Aßländer,Sarah Hudson Pdf

The Handbook of Business and Corruption provides an overview of corrupt business practices in general and, more particularly, in different industry sectors, considering such practices from an ethical perspective.

Author : Daniel Kaufmann
Publisher : World Bank Publications
Page : 94 pages
File Size : 40,8 Mb
Release : 2007
Category : Accountability
ISBN : 8210379456XXX

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Governance matters VI : aggregate and individual governance indicators, 1996-2006 by Daniel Kaufmann Pdf

Abstract: This paper reports on the latest update of the Worldwide Governance Indicators (WGI) research project covering 212 countries and territories and measuring six dimensions of governance between 1996 and 2006: voice and accountability, political stability and absence of violence, government effectiveness, regulatory quality, rule of law, and control of corruption. This latest set of aggregate indicators are based on hundreds of specific and disaggregated individual variables measuring various dimensions of governance taken from 33 data sources provided by 30 different organizations. The data reflect the views on governance of public sector, private sector, and nongovernmental organization experts, as well as thousands of citizen and firm survey respondents worldwide. The paper also explicitly reports the margins of error accompanying each country estimate. These reflect the inherent difficulties in measuring governance using any kind of data. It finds that even after taking margins of error into account, the WGI permit meaningful cross-country comparisons, as well as monitoring progress over time. In less than a decade, a substantial number of countries exhibit statistically significant improvements in at least one dimension of governance, while other countries exhibit deterioration in some dimensions. The decade-long aggregate indicators, together with the disaggregated individual indicators, are available in a newly-redesigned website at www.govindicators.org.

Author : Edward L. Glaeser,Claudia Goldin
Publisher : University of Chicago Press
Page : 398 pages
File Size : 41,9 Mb
Release : 2007-11-01
Category : History
ISBN : 9780226299594

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Corruption and Reform by Edward L. Glaeser,Claudia Goldin Pdf

Despite recent corporate scandals, the United States is among the world’s least corrupt nations. But in the nineteenth century, the degree of fraud and corruption in America approached that of today’s most corrupt developing nations, as municipal governments and robber barons alike found new ways to steal from taxpayers and swindle investors. In Corruption and Reform, contributors explore this shadowy period of United States history in search of better methods to fight corruption worldwide today. Contributors to this volume address the measurement and consequences of fraud and corruption and the forces that ultimately led to their decline within the United States. They show that various approaches to reducing corruption have met with success, such as deregulation, particularly “free banking,” in the 1830s. In the 1930s, corruption was kept in check when new federal bureaucracies replaced local administrations in doling out relief. Another deterrent to corruption was the independent press, which kept a watchful eye over government and business. These and other facets of American history analyzed in this volume make it indispensable as background for anyone interested in corruption today.

Author : Gerry Ferguson
Publisher : Unknown
Page : 128 pages
File Size : 50,9 Mb
Release : 2015
Category : Electronic
ISBN : OCLC:981111616

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Global Corruption by Gerry Ferguson Pdf

Author : Randall K. Morck
Publisher : University of Chicago Press
Page : 404 pages
File Size : 42,9 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226536828

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Concentrated Corporate Ownership by Randall K. Morck Pdf

Standard economic models assume that many small investors own firms. This is so in most large U.S. firms, but wealthy individuals or families generally hold controlling blocks in smaller U.S. firms and in all firms in most other countries. Given this, the lack of theoretical and empirical work on tightly held firms is surprising. What corporate governance problems arise in tightly held firms? How do these differ from corporate governance problems in widely held firms? How do control blocks arise and how are they maintained? How does concentrated ownership affect economic growth? How should we regulate tightly held firms? Drawing together leading scholars from law, economics, and finance, this volume examines the economic and legal issues of concentrated ownership and their impact on a shifting global economy.

Author : András Sajó,Stephen Kotkin
Publisher : Central European University Press
Page : 514 pages
File Size : 50,6 Mb
Release : 2002-09-01
Category : Political Science
ISBN : 9789633864647

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Political Corruption in Transition by András Sajó,Stephen Kotkin Pdf

Based on two international conferences at Princeton University and the Central European University, this is a handy guide to the problem of corruption in transition countries, with an important comparative content. Political Corruption in Transition is distinguished from similar publications by at least two features: by the quality of the carefully selected and edited essays ans by its original treatment. Instead of the usual preaching and excommunications, this Skeptic`s Handbook represents down-to-earth realism. Combines general issues with case studies and original research. The geographic coverage is wide, though it is ideas rather than a geography that drive the volume`s organization.

Author : Jennifer Arlen
Publisher : Edward Elgar Publishing
Page : 392 pages
File Size : 46,6 Mb
Release : 2018
Category : Electronic
ISBN : 9781783474479

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Research Handbook on Corporate Crime and Financial Misdealing by Jennifer Arlen Pdf

Jennifer Arlen brings together 13 original chapters by leading scholars that examine how to deter corporate misconduct through public enforcement and private interventions. Scholars from a variety of disciplines present both theoretical and empirical analyses of organizational and individual liability for corporate crime, liability for foreign corruption, securities fraud enforcement, compliance, corporate investigations, and whistleblowing. This Research Handbook also highlights promising avenues for future research.

Author : Yuen Yuen Ang
Publisher : Cambridge University Press
Page : 275 pages
File Size : 54,9 Mb
Release : 2020-05-28
Category : History
ISBN : 9781108478601

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China's Gilded Age by Yuen Yuen Ang Pdf

Unbundles corruption into different types, examining corruption as access money in China through a comparative-historical lens.