Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/55027 
Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
Passauer Diskussionspapiere - Volkswirtschaftliche Reihe No. V-31-05
Verlag: 
Universität Passau, Wirtschaftswissenschaftliche Fakultät, Passau
Zusammenfassung: 
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 appear in the 2003 Global Competitiveness Report of the WEF. The second principal component of this data depicts a grand, political type, embracing corruption in government policymaking and in judicial decisions as opposed to corruption in public utilities and loan applications. Grand corruption less deters investors because they might feel belonging to an inner circle of insiders that can profit from hidden arrangements. Grand corruption also entails relatively smaller organizational effort.
Schlagwörter: 
Grand Corruption
Petty Corruption
Extortion
Predictability
Opportunism
Public Utilities
Laws and Policies
Judiciary
JEL: 
C21
F21
O17
K42
Dokumentart: 
Working Paper

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