Do companies attempt to disguise their exposure to foreign corruption? Our research investigates whether U.S. companies respond to heightened regulatory risk exposure from foreign anti-corruption laws by increasing or decreasing their geographic reporting transparency regarding their underlying exposure to countries with high risk of corruption. The U.S. Foreign Corrupt Practices Act (FCPA) exposes U.S. and… Read More »
Divestments have become a common phenomenon in the past decade due to changing geopolitical activities and events such as Brexit, the U.S.-China trade war, and the Russian invasion of Ukraine. Before these events, the global economy witnessed massive corporate restructuring activities, be it due to the financial crisis of 2007-08, the various wars in Asia,… Read More »
In the past four decades, China has been demonstrated miraculous growth records as well as rampant corruption, which presents a paradox for scholars: Is corruption is conducive to Chinese economic development? Some argue that corruption is “grease” in the economy and helps firms bypass inefficient regulation and red tape, while others believe that corruption exacerbates… Read More »
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