volume 33, issue 3, P267-287 2018
DOI: 10.1108/maj-08-2017-1634
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Omar Farooq, Nermeen F. Shehata

Abstract: Purpose This paper aims to document whether firms with audited financial statements pay lower bribes to get contracts than firms without audited financial statements. In other words, this study assesses whether external auditing helps combat corruption. Design/methodology/approach The World Bank Enterprise Survey data covering the period between 2006 and 2014 is used. The total sample comprised more than 50,000 firms in 126 countries. Findings This paper finds that firms with audited financial statements …

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