Does bribery help or hurt firm growth around the world?

Does bribery help or hurt firm growth? Some suggest that bribery greases the wheel of commerce, while others believe that bribery sands the wheel of growth. We argue that firms endogenously choose their level of bribery according to their environments and that the benefits and costs may differ for d...

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Bibliographic Details
Main Authors: Zhou, J., Peng, Mike
Format: Journal Article
Published: Springer New York LLC 2012
Online Access:http://hdl.handle.net/20.500.11937/50029