“Sand” or “grease” effect? The impact of corruption on the investment volume of public-private partnerships
Fleta-Asín J. (Universidad de Zaragoza) ; Muñoz F. (Universidad de Zaragoza)
Resumen: Purpose: 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.
Idioma: Inglés
DOI: 10.1108/IJOEM-05-2020-0514
Año: 2021
Publicado en: International journal of emerging markets 18, 5 (2021), 1168-1186
ISSN: 1746-8809
Factor impacto JCR: 3.422 (2021)
Categ. JCR: ECONOMICS rank: 110 / 381 = 0.289 (2021) - Q2 - T1
Categ. JCR: MANAGEMENT rank: 151 / 228 = 0.662 (2021) - Q3 - T3
Categ. JCR: BUSINESS rank: 109 / 154 = 0.708 (2021) - Q3 - T3
Factor impacto CITESCORE: 4.0 - Business, Management and Accounting (Q2)
Factor impacto SCIMAGO: 0.508 - Business, Management and Accounting (miscellaneous) (Q2) - Business and International Management (Q2)
Financiación: info:eu-repo/grantAgreement/ES/DGA-FEDER/S38-20R-CIBER
Financiación: info:eu-repo/grantAgreement/ES/DGA-FEDER/S42-20R-CREVALOR
Financiación: info:eu-repo/grantAgreement/ES/MCIU-AEI-FEDER/RTI2018-093483-B-I00
Financiación: info:eu-repo/grantAgreement/ES/UZ-CUD/UZCUD2020-SOC-05
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Organización de Empresas (Dpto. Direcc.Organiza.Empresas)
Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes.
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Idioma: Inglés
DOI: 10.1108/IJOEM-05-2020-0514
Año: 2021
Publicado en: International journal of emerging markets 18, 5 (2021), 1168-1186
ISSN: 1746-8809
Factor impacto JCR: 3.422 (2021)
Categ. JCR: ECONOMICS rank: 110 / 381 = 0.289 (2021) - Q2 - T1
Categ. JCR: MANAGEMENT rank: 151 / 228 = 0.662 (2021) - Q3 - T3
Categ. JCR: BUSINESS rank: 109 / 154 = 0.708 (2021) - Q3 - T3
Factor impacto CITESCORE: 4.0 - Business, Management and Accounting (Q2)
Factor impacto SCIMAGO: 0.508 - Business, Management and Accounting (miscellaneous) (Q2) - Business and International Management (Q2)
Financiación: info:eu-repo/grantAgreement/ES/DGA-FEDER/S38-20R-CIBER
Financiación: info:eu-repo/grantAgreement/ES/DGA-FEDER/S42-20R-CREVALOR
Financiación: info:eu-repo/grantAgreement/ES/MCIU-AEI-FEDER/RTI2018-093483-B-I00
Financiación: info:eu-repo/grantAgreement/ES/UZ-CUD/UZCUD2020-SOC-05
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Organización de Empresas (Dpto. Direcc.Organiza.Empresas)
Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. Exportado de SIDERAL (2025-03-26-13:55:00)
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Record created 2025-03-26, last modified 2025-03-26