The Consequences of a Grabbing Hand: Five Selected Ways in Which Corruption Affects the Economy

Urbina, Dante A.

doi:10.18800/economia.202001.004

Cited by 9 publications

(3 citation statements)

References 98 publications

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“…We see this in a comparison of US states(Apergis et al 2010) and crossnationally(Uslaner 2008;Policardo and Sánchez Carrera 2018;Policardo et al 2019;Urbina 2020) Krieger and Meirrieks (2019). found for 113 countries that income inequality was associated with domestic terrorism and this was partly mediated through corruption levels.…”

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confidence: 74%

Macrocriminology and Freedom

Braithwaite

2022

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A true magnum opus, Macrocriminology and Freedom is a thought provoking and generative book from one of criminology's intellectual giants. John Braithwaite reaches far and wide across societies, time, and disciplines to advance no less than a theory of how to build a society that simultaneously reduces both domination and crime. His ambitious ideas on cascades of non-dominating collective efficacy and crime prevention, for example, and their connections to social movements and political freedom, go well beyond usual criminological discourse. Chock full of theoretical propositions and bold insights, this a book that will keep criminologists busy for years. Macrocriminology and Freedom should not just be read, but better yet, savoured.' -Robert J. Sampson, Henry Ford II Professor of the Social Sciences, Harvard University 'In this majestic theorisation of the relationship between crime and freedom John Braithwaite isolates the unique power of macrocriminology as a lens through which to comprehend and challenge many of the fundamental crises facing our planet. Very few scholars have the breadth and overview to succeed in a mission of this order … Braithwaite does. This extraordinary book is an object lesson for all who seek to understand and resist domination and the crimes of power that flow from it.' -Penny Green, Professor of Law and Globalisation, Queen Mary University of London 'For over 40 years, John Braithwaite has been a voice of wisdom, hope and humanity in criminology. This dazzling new book weaves together all the main themes of his influential work, reanimating many of the core concepts of the discipline, as well as incorporating interdisciplinary resources from south and north, east and west, to produce an elegant and ambitious explanatory and normative account of crime as freedom-threatening domination. Decentring criminal justice as the solution to crime, Braithwaite shows that, on a global scale, the aspiration to tackle crimes, ranging from interpersonal violence through corporate crimes to ecocide, lies in the development of freedom-enhancing, power-tempering institutions in the political, economic and social spheres.' -Nicola Lacey, Professor of Law, Gender and Social Policy, London School of Economics 'Macrocriminology and Freedom is a criminological epic, an expansive and erudite story that sweeps across history and contexts. The book is frightening in showing how cascading events can produce catastrophes from crime to environmental destruction. But in the end, its message is hopeful, identifying pathways-or "normative rivers"-for guiding freedom from domination and crime. Drawing on his distinguished career, John Braithwaite has bestowed an extraordinary gift-a book, like other masterpieces, that will yield special insights each time we take an excursion through its pages.' -

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confidence: 74%

Macrocriminology and Freedom

Braithwaite

2022

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“…FDI literature has shown that corruption is often positively correlated with natural resource endowment in host countries (Leite and Weidmann, 2002; Andersen and Aslaksen, 2013; Urbina, 2020), fuel exports (Treisman, 2007) and resource seeking FDI (Buckley, 2008; Kolstad and Wiig, 2013). Brouthers et al (2008) state FDI levels are a result of “trade-offs” between the positive effect of market attractiveness and the negative influence of corruption.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Impact of corruption on Chinese investment in African countries

Yuan

Chen

Zhang

2021

CMS

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Purpose This paper aims to examine the impact of host country corruption on foreign direct investment (FDI) from China to developing countries in Africa. With the opposing arguments that corruption is detrimental to or instrumental in FDI and mixed empirical evidence, this paper contributes to the literature by providing new evidence on the issue. Additionally, little research has been done on the impact of corruption on FDI made by developing country multinationals to developing countries. This paper fills a void in this area. Design/methodology/approach Based on the published literature, as well as China and Africa contexts, the authors develop hypotheses that host countries with low corruption receive more FDI and resource-seeking investments weaken the relationship. The annual stock of Chinese FDI in 35 African countries, host country corruption data and other control variables from 2007 to 2015 are collected. Feasible generalized least squares models are used to test the hypotheses. Additional robustness tests are also conducted. Findings The findings support the hypotheses. Specifically, Chinese investors make more investments in host countries with low corruption except for resource-seeking investments in resource-rich host counties. The results are statistically significant accounting for various control variables. The results of the robustness tests show that the main findings are robust. Originality/value First, this study provides new evidence on the impact of corruption on FDI. Second, this study also fills a void by examining FDI from a developing country, China to other developing countries in Africa. Finally, this study also has a practical implication for Chinese multinationals investing in Africa.

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“…Corruption is one of the significant barriers to growth, good governance, and economic freedom (Saenz and Brown, 2018); it negatively impacts the economic and social development and political stability of countries, especially poor ones (Malanski and Póvoa, 2021). At the company level, corruption creates market inefficiencies, distorts competition, increases the cost of doing business, negatively impacts stock returns, corrodes public trust, and presents serious legal and reputational risks that slow the pace of business (Donadelli et al, 2014;Urbina, 2020). Furthermore, corruption negatively affects resource allocation, thus hindering long-term foreign and domestic investment (Bryant and Javalgi, 2016) and limiting access to alternative funding sources such as equity crowdfunding (Battaglia et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

The impact of corruption on companies' engagement in sustainability reporting practices: an empirical examination

Cicchiello

Kazemikhasragh

Perdichizzi

et al. 2023

IJOEM

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PurposeThis paper aims to investigate whether the perceived level of corruption influences companies' decision to address principles and standards aimed, inter alia, at fighting corruption [i.e. Sustainable Development Goals (SDGs), (2) United Nations Global Compact (UNGC), (3) International Standards Organisation (ISO) 26,000 and (4) Organisation for Economic Co-operation and Development (OECD) Guidelines] in companies' sustainability reporting.Design/methodology/approachThe paper uses a sample of 1,171 sustainability reports published in the year 2017 by organisations from Asia and Africa's low- and middle-income countries.FindingsResults from the Probit model reveal that corruption negatively affects corporate sustainability reporting activity. Indeed, the more companies are exposed to high levels of corruption, the less likely they appear to engage in sustainability reporting. Furthermore, the authors find clear regional and sector-level differences in the extent to which companies engage in sustainability reporting. The results show that Asian companies operating in the agricultural and financial services sectors exhibit significantly higher reporting activity, whilst those operating in the construction and mining sectors report less than the sectors' peers.Research limitations/implicationsThe authors' findings provide important implications for understanding companies' behaviour in the sustainability reporting in emerging economies as well as for designing corporate social responsibility (CSR) disclosure initiatives in the future.Originality/valueThis paper provides a better understanding of the impact of corruption on companies' reporting behaviour in the context of emerging economies.

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The Consequences of a Grabbing Hand: Five Selected Ways in Which Corruption Affects the Economy

Cited by 9 publications

References 98 publications

Macrocriminology and Freedom

Macrocriminology and Freedom

Impact of corruption on Chinese investment in African countries

The impact of corruption on companies' engagement in sustainability reporting practices: an empirical examination

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