TY  - BOOK
AU  - Seker,Murat
AU  - Seker,Murat
AU  - Yang,Judy S.
TI  - How Bribery Distorts Firm Growth: Differences by Firm Attributes 
PY  - 2012///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Access to Finance
KW  - Bribery
KW  - Corruption
KW  - Corruption & Anticorruption Law
KW  - E-Business
KW  - Finance and Financial Sector Development
KW  - Firm growth
KW  - Microfinance
KW  - Private Sector Development
KW  - Public Sector Corruption & Anticorruption Measures
KW  - Latin America and Caribbean Region
N2  - How corruption affects economic performance has been studied for over a decade. Yet the lack of detailed firm-level data has limited research regarding who is carrying the real burden of corruption. This study shows that for firms in the Latin America and Caribbean region, bribery significantly distorts firm growth. Firms that pay bribes when conducting business transactions-such as applying for permits, electricity, or water connections-have 24 percent lower annual sales growth than firms that do not face such solicitations. Moreover, these distortions are more severe for low-revenue-generating and young firms. Using the instrumental variables method, the authors show that these results are robust to different specifications and the use of different sub-samples
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-6046
ER  -