000152093 001__ 152093
000152093 005__ 20250326144155.0
000152093 0247_ $$2doi$$a10.1108/IJOEM-05-2020-0514
000152093 0248_ $$2sideral$$a126949
000152093 037__ $$aART-2021-126949
000152093 041__ $$aeng
000152093 100__ $$0(orcid)0000-0003-3582-116X$$aFleta-Asín J.$$uUniversidad de Zaragoza
000152093 245__ $$a“Sand” or “grease” effect? The impact of corruption on the investment volume of public-private partnerships
000152093 260__ $$c2021
000152093 5060_ $$aAccess copy available to the general public$$fUnrestricted
000152093 5203_ $$aPurpose: Some scholars argue that corruption hinders economies and investment because it generates extra costs, while others suggest that it can act as a stimulus. Their mixed empirical findings have prompted the analysis of whether investors'' attitude towards corruption changes depending on its degree of prevalence. Design/methodology/approach: The authors examined 4, 518 public–private partnerships (PPPs) located in 46 developing countries for the period 1997–2017. The data were collected from the World Bank PPP database. The authors investigated the relationship between the amount of investment in PPP projects and the level of corruption using regression with multilevel mixed effects. Findings: Corruption and the amount of investment in PPP projects are inversely related at the low and high end of the spectrum of corruption, but the relationship is positive towards the middle. Further analysis revealed that this was spurred by high investment PPP projects in less developed countries. Originality/value: The findings allow the authors to reconcile the opposing positions in the literature through a “sand–grease–sand the wheels” effect between the volume of investment and corruption, which can be configured as a reverse S-shape consisting of three stages.
000152093 536__ $$9info:eu-repo/grantAgreement/ES/DGA-FEDER/S38-20R-CIBER$$9info:eu-repo/grantAgreement/ES/DGA-FEDER/S42-20R-CREVALOR$$9info:eu-repo/grantAgreement/ES/MCIU-AEI-FEDER/RTI2018-093483-B-I00$$9info:eu-repo/grantAgreement/ES/UZ-CUD/UZCUD2020-SOC-05
000152093 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc$$uhttp://creativecommons.org/licenses/by-nc/3.0/es/
000152093 590__ $$a3.422$$b2021
000152093 591__ $$aECONOMICS$$b110 / 381 = 0.289$$c2021$$dQ2$$eT1
000152093 591__ $$aMANAGEMENT$$b151 / 228 = 0.662$$c2021$$dQ3$$eT3
000152093 591__ $$aBUSINESS$$b109 / 154 = 0.708$$c2021$$dQ3$$eT3
000152093 592__ $$a0.508$$b2021
000152093 593__ $$aBusiness, Management and Accounting (miscellaneous)$$c2021$$dQ2
000152093 593__ $$aBusiness and International Management$$c2021$$dQ2
000152093 594__ $$a4.0$$b2021
000152093 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000152093 700__ $$0(orcid)0000-0002-9481-1466$$aMuñoz F.$$uUniversidad de Zaragoza
000152093 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas
000152093 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000152093 773__ $$g18, 5 (2021), 1168-1186$$tInternational journal of emerging markets$$x1746-8809
000152093 8564_ $$s851282$$uhttps://zaguan.unizar.es/record/152093/files/texto_completo.pdf$$yPostprint
000152093 8564_ $$s566508$$uhttps://zaguan.unizar.es/record/152093/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
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000152093 951__ $$a2025-03-26-13:55:00
000152093 980__ $$aARTICLE