Influence of corruption on state-owned enterprise expenditures
This study aims to analyze the effect of corruption on state-owned enterprises (SOEs) and how this practice could be harmful to the economy, despite what the grease on the wheels hypothesis suggests. A database built from three other databases was used. It contained only stock market listed enterpri...
| Authors: | ; ; ; |
|---|---|
| Format: | Article |
| Status: | Published version |
| Publication date: | 2018 |
| Country: | Brasil |
| Institution: | FGV |
| Repository: | Revista de Administração Pública |
| Language: | Portuguese English |
| OAI Identifier: | oai:ojs.periodicos.fgv.br:article/75721 |
| Online Access: | https://periodicos.fgv.br/rap/article/view/75721 |
| Access Level: | Open access |
| Keyword: | political environment corruption state enterprises public spending. ambiente político corrupción empresas estatales gastos públicos. corrupção empresas estatais |
| _version_ | 1878762324110606336 |
|---|---|
| author | Lopes Júnior, Elias Pereira |
| author2 | Câmara, Samuel Façanha Rocha, Leonino Gomes Brasil, Alexandre |
| author2_role | author author author |
| author_browse | Brasil, Alexandre Câmara, Samuel Façanha Lopes Júnior, Elias Pereira Rocha, Leonino Gomes |
| author_facet | Lopes Júnior, Elias Pereira Câmara, Samuel Façanha Rocha, Leonino Gomes Brasil, Alexandre |
| author_role | author |
| collection | Revista de Administração Pública |
| description | This study aims to analyze the effect of corruption on state-owned enterprises (SOEs) and how this practice could be harmful to the economy, despite what the grease on the wheels hypothesis suggests. A database built from three other databases was used. It contained only stock market listed enterprises. After the data treatment process, only 96,379 observations remained, from companies from 41 countries between 2002 and 2011. To achieve the expected results this study used the Difference-in-Differences technique in order to measure the effect of political influence on SOEs spending after the 2008 financial crisis. The results confirmed the hypothesis of the study, demonstrating that within environments with high levels of corruption, politicians use their influence for political/private gain purposes. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | BR_b07e51c19f90c4f9d3d5cc2aaeffd522 |
| institution | FGV |
| instname_str | Fundação Getulio Vargas (FGV) |
| language | por eng |
| network_acronym_str | BR |
| network_name_str | Brasil |
| oai_identifier_str | oai:ojs.periodicos.fgv.br:article/75721 |
| publishDate | 2018 |
| publishDateSort | 2018 |
| publisher | Fundação Getulio Vargas (FGV EBAPE) |
| publisherStr | Fundação Getulio Vargas (FGV EBAPE) |
| reponame_str | Revista de Administração Pública |
| spelling | Influence of corruption on state-owned enterprise expenditures Influencia de la corrupción en los gastos de las empresas estatales Influência da corrupção nos gastos das empresas estatais Lopes Júnior, Elias Pereira Câmara, Samuel Façanha Rocha, Leonino Gomes Brasil, Alexandre political environment corruption state enterprises public spending. ambiente político corrupción empresas estatales gastos públicos. corrupção empresas estatais This study aims to analyze the effect of corruption on state-owned enterprises (SOEs) and how this practice could be harmful to the economy, despite what the grease on the wheels hypothesis suggests. A database built from three other databases was used. It contained only stock market listed enterprises. After the data treatment process, only 96,379 observations remained, from companies from 41 countries between 2002 and 2011. To achieve the expected results this study used the Difference-in-Differences technique in order to measure the effect of political influence on SOEs spending after the 2008 financial crisis. The results confirmed the hypothesis of the study, demonstrating that within environments with high levels of corruption, politicians use their influence for political/private gain purposes. Este trabajo busca analizar el efecto de la corrupción sobre el nivel de gasto de las empresas estatales (State-Owned Enterprises — SOEs) y como estas prácticas pueden ser perjudiciales para la economía, a pesar de lo que propone la hipótesis grease on the wheels. Para este propósito el estudio utiliza una base de datos construida a partir de otras tres bases conteniendo informaciones solo de empresas listadas em el mercado de acciones. Después del tratamiento de los datos, quedaron 96.379 observaciones de empresas de 41 países entre 2002 y 2011. Mediante el uso de la técnica Difference-in-Differences, se midió el efecto de la influencia política sobre los gasto de las SOEs, después de la crisis financiera de 2008. Los resultados confirmaron la hipótesis del estudio, demostrando que en ambientes con elevada corrupción, los políticos usan su influencia con el objetivo de obtener ganancias políticas/privadas. O presente estudo procura analisar o efeito da corrupção sobre o nível de gastos das empresas estatais (State-Owned Enterprises — SOEs) e como essas práticas podem ser prejudiciais para a economia, a despeito do que propõe a hipótese grease on the wheels. Para atender à proposta do estudo, foi utilizada uma base de dados construída a partir de outras três bases que continham apenas empresas listadas no mercado de ações. Após o tratamento dos dados, restaram 96.379 observações de empresas de 41 países entre 2002 e 2011. Para a consecução dos resultados, a pesquisa fez uso da técnica Difference-in-Differences para mensurar o efeito da influência política sobre os gastos das SOEs após a crise financeira de 2008. Os resultados confirmaram a hipótese do estudo, demonstrando que em ambientes com elevada corrupção os políticos usam sua influência com o objetivo de obter ganhos políticos/ privados. Fundação Getulio Vargas (FGV EBAPE) https://periodicos.fgv.br/rap/article/view/75721 |
| spellingShingle | Influence of corruption on state-owned enterprise expenditures Lopes Júnior, Elias Pereira political environment corruption state enterprises public spending. ambiente político corrupción empresas estatales gastos públicos. corrupção empresas estatais |
| status_str | publishedVersion |
| title | Influence of corruption on state-owned enterprise expenditures |
| title_full | Influence of corruption on state-owned enterprise expenditures |
| title_fullStr | Influence of corruption on state-owned enterprise expenditures |
| title_full_unstemmed | Influence of corruption on state-owned enterprise expenditures |
| title_short | Influence of corruption on state-owned enterprise expenditures |
| title_sort | Influence of corruption on state-owned enterprise expenditures |
| topic | political environment corruption state enterprises public spending. ambiente político corrupción empresas estatales gastos públicos. corrupção empresas estatais |
| topic_facet | political environment corruption state enterprises public spending. ambiente político corrupción empresas estatales gastos públicos. corrupção empresas estatais |
| url | https://periodicos.fgv.br/rap/article/view/75721 |