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Is corruption distasteful or just another cost of doing business?

Banerjee, Ritwik, Boly, Amadou and Gillanders, Robert orcid logoORCID: 0000-0001-9462-0005 (2021) Is corruption distasteful or just another cost of doing business? Public Choice, 190 . pp. 33-51. ISSN 0048-5829

Abstract
Using data from a lab experiment carried out in Kenya, we show that while “legitimate” costs and costs imposed by corruption both deter investment, the latter is no more of a disincentive than the former. We interpret the evidence as consistent with the conclusion that our participants viewed corruption as just another cost of doing business. We also experimented with giving participants in some treatments information about the corruption expectations of participants in previous sessions and the actual extent of corruption in previous sessions. We find some evidence that the objective information actually increased investment without changing the participants’ own expectations regarding corruption. That result is compatible with the idea that revealing the level of corruption changes the descriptive norm and facilitates investment in a corrupt environment.
Metadata
Item Type:Article (Published)
Refereed:Yes
Uncontrolled Keywords:Compliance; Corruption; Embezzlement; Norms
Subjects:Business > Business ethics
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Publisher:Springer
Official URL:https://dx.doi.org/10.1007/s11127-021-00913-x
Copyright Information:© 2021 The Authors. Open Access(CC-BY-4.0)
Funders:IReL Consortium for open access funding, Otto A. Malm Foundation, Marcus Wallenberg Foundation, African Development Bank
ID Code:26667
Deposited On:01 Feb 2022 10:57 by Thomas Murtagh . Last Modified 01 Feb 2022 10:57
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