Disclosure by Politicians
London School of Economics & Political Science (LSE); Peter G. Peterson Institute for International Economics
Rafael La Porta
Dartmouth College - Tuck School of Business; National Bureau of Economic Research (NBER)
Florencio Lopez de Silanes
EDHEC Business School; National Bureau of Economic Research (NBER)
Harvard University - Department of Economics; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI)
CEPR Discussion Paper No. DP7168
We collect data on the rules and practices of financial and conflict disclosure by politicians in 175 countries. Although two thirds of the countries have some disclosure laws, less than a third make disclosures available to the public. Disclosure is more extensive in richer and more democratic countries. Disclosure is correlated with lower perceived corruption when it is public, when it identifies sources of income and conflicts of interest, and when a country is a democracy.
Number of Pages in PDF File: 51
Keywords: Business interests, Conflict of interest, Disclosure, Politicians
JEL Classification: H7
Date posted: February 18, 2009
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