Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/163092 
Year of Publication: 
2017
Series/Report no.: 
WIDER Working Paper No. 2017/123
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Abstract: 
This paper adds to the recent literature on firm-level corruption by relying on rich data including detailed information on the purpose and amounts of bribe payments among Vietnamese micro, small, and medium firms. Using industry-location averages to instrument for firm-level bribe payments in both a cross-sectional and a panel setting, we provide evidence of a large and significant positive association between corruption and firm performance. We further show that the type of bribe payment does matter: only the payments that can arguably be considered 'voluntary' (rather than extortive) drive this association.
Subjects: 
corruption
firm performance
small and medium enterprises
Viet Nam
JEL: 
D73
L25
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-349-3
Document Type: 
Working Paper

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