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Contribution Details

Type Master's Thesis
Scope Discipline-based scholarship
Title Is Corruption part of the cost of doing business. When informal payments are necessary for trade.
Organization Unit
Authors
  • Romina Sieni Saliba
Supervisors
  • Steven Ongena
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Date 2022
Abstract Text This study uses firm level survey data from 33 countries and 18’887 enterprises, to analyse the magnitude of, and factors contributing to, corruption, here defined as the practice of firms giving informal payments or gifts to public officials. The data was obtained from the EBRDEIB- WB Enterprise Survey (ES) (World Bank, the European Bank for Reconstrcution and Development (EBRD) and the European Investment Bank (EIB), 2022). To empirically evaluate the connection between bribery and the observed factors, a series of multiple regressions were performed using the Ordinary least squared method (OLS). In this study it was found that corruption is more likely to occur in specific countries, while the predominant religion of the country has been shown to have no impact upon corruption. However, the industry within which a firm operates can have an impact upon corruption. Lastly, the Corruption Perception Index was found to have no correlation with the type of bribery investigated in this study. These results could help us understand how much corruption exits, and under which conditions corruption is more likely to occur. Such findings could help assist in the mitigation process of corruption.
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