2023/10/30 by Maurizio La Rocca, La Rocca, Maurizio, Tiziana La Rocca +5
Social Sciences · #Corruption and Economic Development #FOS: Economics and business #General Finance (q-fin.GN)
paper · pdf · doi:10.48550/arxiv.2310.20028
openalex publication_date 2023/10/30 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
Corruption, fraud, and unethical activities have emerged as significant obstacles to global economic, political, and social progress. Although many empirical studies have focused on country-level corruption metrics, this study is the first to utilize a substantial international dataset to assess the effects of illicit and unethical managerial practices on firm performance. Employing cross-sectional data, this research examines the influence of corruption on corporate outcomes. Our definition of corruption evaluates the degree to which managers engage in mismanagement, misconduct, or corrupt activities. The repercussions for corporate governance, especially concerning the process of appointing managers, are both crucial and strategic.