Does bribery help or hurt firm growth around the world?

Asia Pacific Journal of Management

Volumn 29, Issue 4, 2012, Pages 907-921

  Zhou, Jessie Qi ^a   Peng, Mike W ^b  

^a SOUTHERN METHODIST UNIVERSITY   (United States)

^b UNIVERSITY OF TEXAS AT DALLAS   (United States)

Author keywords

Bribery; Firm growth; Firm size; Institutional environments

Indexed keywords

EID: 84869082895     PISSN: 02174561     EISSN: 15729958     Source Type: Journal    
DOI: 10.1007/s10490-011-9274-4     Document Type: Article

References (64)

1. Ahlstrom, D., Chen, S.-J., & Yeh, K. S. 2010. Managing in ethnic Chinese communities: Culture, institutions, and context. Asia Pacific Journal of Management, 27(3): 341-354.
2. Ahlstrom, D. 2011. On the aims and scope of the Asia Pacific Journal of Management: What does APJM really seek to publish?. Asia Pacific Journal of Management, 28(2): 215-219.
3. Banfield, E. C. 1975. Corruption as a feature of government organization. Journal of Law and Economics, 18(3): 587-615.
4. Baron, D. 1995. The nonmarket strategy system. Sloan Management Review, 37(1): 73-86.
5. Batra, G., Kaufmann, D., & Stone, A. 2003. Investment climate around the world: Voices of the firms from the World Business Environmental Survey. Washington, DC: The World Bank.
6. Beck, T., Demirguc-Kunt, A., & Maksimovic, V. 2005. Financial and legal constraints to growth: Does firm size matter?. Journal of Finance, 60(1): 137-177.
7. Boddewyn, J. 1988. Political aspects of MNE theory. Journal of International Business Studies, 19(3): 341-363.
8. Boddewyn, J., & Brewer, T. 1994. International business political behavior: New theoretical directions. Academy of Management Review, 19: 119-143.
9. Boisot, M., & Child, J. 1996. From fiefs to clans and network capitalism: Explaining China's emerging economic order. Administrative Science Quarterly, 41: 600-628.
10. Cuervo-Cazurra, A. 2008. The effectiveness of laws against bribery abroad. Journal of International Business Studies, 39(4): 634-651.
11. Dieleman, M., & Sachs, W. M. 2008. Economies of connectedness: Concept and application. Journal of International Management, 14(3): 270-285.
12. Djankov, S., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. 2002. The regulation of entry. Quarterly Journal of Economics, 67: 1-37.
13. Djankov, S., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. 2003. Court. Quarterly Journal of Economics, 118(2): 453-517.
14. EBRD (European Bank for Reconstruction and Development). 1999. Transition report. London: EBRD.
15. Farashahi, M., & Hafsi, T. 2009. Strategy of firms in unstable institutional environments. Asia Pacific Journal of Management, 26(4): 643-666.
16. Fisman, R. 2001. Estimating the value of political connections. American Economic Review, 91: 1095-1102.
17. Fisman, R., & Svensson, J. 2007. Are corruption and taxation really harmful to growth? Firm level evidence. Journal of Developmental Economics, 83(1): 63-75.
18. Greene, W. 2003. Econometric analysis, 5th ed. Upper Saddle River, NJ: Prentice Hall.
19. Habib, M., & Zurawicki, L. 2002. Corruption and foreign direct investment. Journal of International Business Studies, 33: 291-307.
20. Hair, J., Anderson, R., Tatham, R., & Black, W. 1998. Multivariate data analysis, 5th ed. Upper Saddle River, NJ: Prentice Hall.
21. Hellman, J., Jones, G., & Kaufmann, D. 2003. Seize the state, seize the day: State capture, corruption, and influence in transition. Journal of Comparative Economics, 31(4): 751-774.
22. Hellman, J., & Schankerman, M. 2000. Intervention, corruption and capture: The nexus between enterprises and state. Economics of Transition, 8(2): 325-368.
23. Hillman, A., & Wan, W. 2005. The determinants of MNE subsidiaries' political strategies: Evidence of institutional duality. Journal of International Business Studies, 36(3): 322-340.
24. Huntington, S. P. 1968. Political order in changing societies. New Haven, CT: Yale University Press.
25. Husted, B. W. 1999. Wealth, culture and corruption. Journal of International Business Studies, 30(2): 339-359.
26. Jackson, T. 2000. Making ethical judgments: A cross-cultural management study. Asia Pacific Journal of Management, 17(3): 443-471.
27. Jiang, Y., & Peng, M. W. 2011. Are family ownership and control in large firms good, bad, or irrelevant?. Asia Pacific Journal of Management, 28(1): 15-39.
28. Kreiner, P., & Bhambri, A. 1988. Influence and information in organization-stakeholder relationships. Academy of Management Best Paper Proceedings, 3: 319-323.
29. Kriauciunas, A. 2006. Sunflower company: Adapting to changing market conditions. In M. W. Peng (Ed.). Global strategy: 171-176. Cincinnati: Thomson South-Western.
30. Levine, R. 1991. Stock market growth and tax policy. Journal of Finance, 46(4): 1445-1465.
31. La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. 2002. Government ownership of banks. Journal of Finance, 57(1): 265-301.
32. Lee, S.-H., & Hong, S. J. 2011. Corruption and subsidiary profitability: US MNC subsidiaries in the Asia Pacific region. Asia Pacific Journal of Management. doi: 10. 1007/s10490-010-9214-8.
33. Lee, S.-H., & Oh, K. K. 2007. Corruption in Asia: Pervasiveness and arbitrariness. Asia Pacific Journal of Management, 24(1): 97-114.
34. Leff, N. H. 1989. Economic development through bureaucratic corruption. In A. J. Heidenheimer, M. Johnston & V. T. Levine (Eds.). Political corruption: A handbook: 389-403. New Brunswick, NJ: Transaction Books.
35. Martin, K., Cullen, J., Johnson, J., & Parboteeah, P. 2007. Deciding to bribe: A cross-level analysis of firm and home country influences on bribery activities. Academy of Management Journal, 50(6): 1401-1422.
36. Mauro, P. 1995. Corruption and growth. Quarterly Journal of Economics, 110: 681-711.
37. Meschi, P. 2009. Government corruption and foreign stakes in international joint ventures in emerging economies. Asia Pacific Journal of Management, 26(2): 241-261.
38. Murphy, K., Shleifer, A., & Vishny, R. 1993. Why is rent seeking so costly to growth?. American Economic Review, 83(2): 409-414.
39. North, D. 1990. Institutions, institutional change, and economic performance. New York: Cambridge University Press.
40. North, D. 2000. Understanding institutions. In C. Ménard (Ed.). Institutions, contracts and organizations: Perspectives from new institutional economics. Cheltenham, UK: Edward Elgar Publishing.
41. Okhmatovskiy, I. 2010. Performance implications of ties to the government and SOEs: A political embeddedness perspective. Journal of Management Studies, 47(6): 1020-1047.
42. Park, S. H., & Luo, Y. 2001. Guanxi and organizational dynamics: Organizational networking in Chinese firms. Strategic Management Journal, 22: 455-477.
43. Peng, M. W. 2003. Institutional transitions and strategic choices. Academy of Management Review, 28(2): 275-286.
44. Peng, M. W., & Luo, Y. 2000. Managerial ties and firm performance in a transition economy: The nature of a micro-macro link. Academy of Management Journal, 43(3): 486-501.
45. Peng, M. W., Sun, S. L., Pinkham, B. C., & Chen, H. 2009. The institution-based view as a third leg in a strategy tripod. Academy of Management Perspectives, 23(4): 63-81.
46. Peng, M. W., & Zhou, J. Q. 2005. How network strategies and institutional transitions evolve in Asia. Asia Pacific Journal of Management, 22(4): 321-336.
47. Pfeffer, J., & Salancik, G. 1978. The external control of organizations: A resource dependence perspective. New York: Harper and Row.
48. Pistor, K., Raiser, M., & Gelfer, S. 2000. Law and finance in transition economies. Economics of Transition, 8(2): 325-368.
49. Raundenbush, S., & Bryk, A. 2002. Hierarchical linear models: Applications and data analysis methods. Thousand Oaks, CA: Sage.
50. Ring, P., Bigley, G., D'Aunno, T., & Khanna, T. 2005. Perspectives on how governments matter. Academy of Management Review, 30(2): 308-320.
51. Rodriguez, P., Uhlenbruck, K., & Eden, L. 2005. Government gorruption and the entry strategies of multinationals. Academy of Management Review, 30(2): 283-396.
52. Shaffer, B. 1995. Firm-level responses to government regulation: Theoretical and research approaches. Journal of Management, 21: 495-514.
53. Shleifer, A., & Vishny, R. 1993. Corruption. Quarterly Journal of Economics, 108(3): 599-607.
54. Stevens, C. E., & Cooper, J. T. 2010. A behavioral theory of governments' ability to make credible commitments to firms: The case of the East Asian paradox. Asia Pacific Journal of Management, 27(4): 587-610.
55. Tihanyi, L., & Hegarty, W. H. 2007. Political interests and the emergence of commercial banking in transition economies. Journal of Management Studies, 44: 788-813.
56. Uhlenbruck, K., Rodriguez, P., Doh, J., & Eden, L. 2006. The impact of corruption on entry strategy: Evidence from telecommunication projects in emerging economies. Organization Science, 17(3): 402-414.
57. Wang, G., Jiang, X., Yuan, C. H., & Yi, Y. Q. 2011. Managerial ties and firm performance in an emerging economy: Tests of the mediating and moderating effects. Asia Pacific Journal of Management. doi: 10. 1007/s10490-011-9254-8.
58. Wei, S. 2000. How taxing is corruption on international investors?. Review of Economics and Statistics, 82: 1-11.
59. Whitley, R. 1994. Dominant forms of economic organization in market economies. Organization Studies, 15(2): 153-182.
60. Williamson, O. 1985. The economic institutions of capitalism. New York: Free Press.
61. World Economic Forum. 2000. Global competitiveness report. New York: World Economic Forum and Oxford University Press.
62. Wright, M., Filatotchev, I., Hoskisson, R., & Peng, M. W. 2005. Strategy research in emerging economies: Challenging the conventional wisdom. Journal of Management Studies, 42(1): 1-33.
63. Young, M. N., Gary, B., Ahlstrom, D., & Rubanik, Y. 2011. What do firms from emerging economies want from their strategic alliance partners? Business Horizons, 54: 163-174.
64. Zhou, J. Q., & Peng, M. W. 2010. Relational exchanges versus arm's-length transactions during institutional transitions. Asia Pacific Journal of Management, 27(3): 355-370.