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Title: The "grabbing hand" or the "helping hand" view of corruption: Evidence from bank foreign market entries
Authors: Petrou, Andreas 
Thanos, Ioannis C. 
Keywords: Banking;Corruption;Foreign market commitment;Liability of foreignness;Market-seeking
Category: Economics and Business
Field: Social Sciences
Issue Date: 1-Jan-2014
Publisher: Elsevier Inc.
Source: Journal of World Business Volume 49, Issue 3, 2014, Pages 444-454
Abstract: This study adopts a resource perspective to explore a non-linear relationship between corruption and two measures of bank foreign market commitment, the capital invested and the share of equity, on a sample of 131 bank entries in forty host countries. Our findings support a U-shaped relationship providing evidence of the "grabbing hand" view at low to moderate levels of corruption and, supporting the "helping hand" view at high levels of it. In addition, market-seeking motives are found to have a positive moderating effect on this relationship. This study contributes to the long-standing debate about the effects of corruption on FDI.
ISSN: 10909516
Rights: © 2013 Elsevier Inc. All rights reserved.
Type: Article
Appears in Collections:Άρθρα/Articles

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