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Full-Text Articles in Political Economy

The Effect Of Perceived Corruption On Voter Turnout In Post-Communist Countries In The European Union: Evidence From The Life In Transition Survey Iii, Ivana Pancurakova Sep 2019

The Effect Of Perceived Corruption On Voter Turnout In Post-Communist Countries In The European Union: Evidence From The Life In Transition Survey Iii, Ivana Pancurakova

Theses and Dissertations

This paper measures the effect of perceived corruption on voting in post-communist countries in the EU using probit models, Dong and Lewbel’s special estimator, and two stage least squares models. Corruption has a significant and negative effect on voter turnout even when controlling for the endogeneity in the corruption variable.


Political Connections And The Value Of Cash Holdings, Yuanto Kusnadi Sep 2019

Political Connections And The Value Of Cash Holdings, Yuanto Kusnadi

Research Collection School Of Accountancy

This study examines how political connections influence the value of cash holdings in an international setting. The main finding reveals that political connections are not associated with the value of cash holdings in the overall sample. However, further analysis demonstrates that political connections are negatively associated with the value of cash holdings for firms inemerging markets and in countries with high levels of corruption. Moreover, the negative valuation of cash holdings is driven by firms that are connected through large shareholders. Overall, the findings provide new insights into the value relevance of cash holdings, especially for politically connected firms.


Kinship, Fractionalization And Corruption, Mahsa Akbari, Duman Bahrami-Rad, Erik O. Kimbrough Aug 2019

Kinship, Fractionalization And Corruption, Mahsa Akbari, Duman Bahrami-Rad, Erik O. Kimbrough

Economics Faculty Articles and Research

We examine the roots of variation in corruption across societies, and we argue that marriage practices and family structure are an important, overlooked determinant of corruption. By shaping patterns of relatedness and interaction, marriage practices influence the relative returns to norms of nepotism/favoritism versus norms of impartial cooperation. In-marriage (e.g. consanguineous marriage) generates fractionalization because it yields relatively closed groups of related individuals and thereby encourages favoritism and corruption. Out-marriage creates a relatively open society with increased interaction between non-relatives and strangers, thereby encouraging impartiality. We report a robust association between in-marriage practices and corruption both across countries and within …