Corporate Governance and Corruption: A Cross-Country Analysis

Governance: An International Journal of Policy, Administration and Institutions, Vol. 18, No. 2, pp. 151-170, 2005

31 Pages Posted: 1 Aug 2006

See all articles by Xun Wu

Xun Wu

Division of Social Science and Division of Environment, Hong Kong University of Science and Technology

Abstract

While the empirical literature on the causes of corruption has focused primarily on the demand side of corruption, that is, the corrupt officials who receive bribe payments, the role of the private sector as the supply side of corruption has not been examined thoroughly in this literature. In this paper, we argue that corporate governance is among the important factors determining the level of corruption. Using a cross-country dataset, we test hypotheses that explicitly link various measures of corporate governance to the level of corruption. Our results show that corporate governance standards can have profound impacts on the effectiveness of the global anti-corruption campaign.

Keywords: Corruption and corporate governance

Suggested Citation

Wu, Xun, Corporate Governance and Corruption: A Cross-Country Analysis. Governance: An International Journal of Policy, Administration and Institutions, Vol. 18, No. 2, pp. 151-170, 2005, Available at SSRN: https://ssrn.com/abstract=921520

Xun Wu (Contact Author)

Division of Social Science and Division of Environment, Hong Kong University of Science and Technology ( email )

4054 LSK, HKUST
Clear Water Bay
Hong Kong, 999999

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