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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.
|Major Field of Science:||Social Sciences||Field Category:||Economics and Business||Keywords:||Banking;Corruption;Foreign market commitment;Liability of foreignness;Market-seeking||Issue Date:||Jul-2014||Source:||Journal of World Business, 2014, vol. 49, no. 3, pp. 444-454||Volume:||49||Issue:||3||Start page:||444||End page:||454||Journal:||Journal of World Business||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.||URI:||https://hdl.handle.net/20.500.14279/9777||ISSN:||1090-9516||DOI:||10.1016/j.jwb.2013.10.004||Rights:||© Elsevier||Type:||Article||Affiliation :||Cyprus University of Technology
University of Glasgow
|Appears in Collections:||Άρθρα/Articles|
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