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Multilevel determinants of MNC corruption risk

Markscheffel, J; Plouffe, M; (2021) Multilevel determinants of MNC corruption risk. Journal of International Business Policy 10.1057/s42214-021-00116-7. (In press).

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Abstract

We explore the multi-level determinants of firm-level corruption risk among multinational corporations (MNCs) in both developed and developing market economies in a comparative context. We argue that institutional and regulatory environments affect MNCs’ anti-corruption performance. We employ a comprehensive measure of MNC corruption risk and find evidence for the influence of country-level institutional and regulatory effects, while firm-level financial characteristics also influence anti-corruption performance. Furthermore, the effects of institutional and regulatory environments differ between developed and developing markets. In general, our framework and results highlight the utility of strong legal and regulatory environments, particularly in developing markets, to combat MNC corruption risk.

Type: Article
Title: Multilevel determinants of MNC corruption risk
DOI: 10.1057/s42214-021-00116-7
Publisher version: https://doi.org/10.1057/s42214-021-00116-7
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions.
Keywords: corruption, institutional environment, multinational corporations (MNCs) and enterprises (MNEs), multilevel analysis
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Political Science
URI: https://discovery.ucl.ac.uk/id/eprint/10132249
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