Do corruption perceptions impact the pricing and access of euro area corporations to bond markets?

References

• Acharya, V., I. Drechsler, and P. Schnabl. 2014. “A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk.” The Journal of Finance 69 (6): 2689–2739.
   Web of Science ®Google Scholar
• Aidt, T. S. 2009. “Corruption, Institutions, and Economic Development.” Oxford Review of Economic Policy 25: 271–291.
   Web of Science ®Google Scholar
• Álvarez-Díaz, M., M. Saisana, V. Montalto, and C. Tacao Moura. 2018. Corruption Perceptions Index 2017 Statistical Assessment. Luxembourg: Publications Office of the European Union.
   Google Scholar
• Bedendo, M., and P. Colla. 2015. “Sovereign and Corporate Credit Risk: Evidence from the Eurozone.” Journal of Corporate Finance 33: 34–52.
   Web of Science ®Google Scholar
• Bekaert, G., C. Harvey, C. T. Lundblad, and S. Siegel. 2016. “Political Risk and International Valuation.” Journal of Corporate Finance 37: 1–23.
   Web of Science ®Google Scholar
• Butler, A. W., L. Fauver, and S. Mortal. 2009. “Corruption, Political Connections, and Municipal Finance.” Review of Financial Studies 22: 2673–2705.
   Web of Science ®Google Scholar
• Canache, D., M. Cawvey, M. Hayes, and J. Mondak. 2019. “Who Sees Corruption? The Bases of Mass Perceptions of Political Corruption in Latin America.” Journal of Politics in Latin America 11 (2): 133–160.
   Web of Science ®Google Scholar
• Ciocchini, F., E. Durbin, and D. Ng. 2003. “Does Corruption Increase Emerging Market Bond Spreads?” Journal of Economics and Business 55: 503–528.
   Google Scholar
• Connolly, M. 2007. “Measuring the Effect of Corruption on Sovereign Bond Ratings.” Journal of Economic Policy Reform 10: 309–323.
   Web of Science ®Google Scholar
• Dittmar, R. F., and K. Yuan. 2008. “Do Sovereign Bonds Benefit Corporate Bonds in Emerging Markets?” Review of Financial Studies 21: 1983–2014.
   Web of Science ®Google Scholar
• Donchev, D., and G. Ujhelyi. 2014. “What Do Corruption Indices Measure?” Economics and Politics 26 (2): 309–331.
   Web of Science ®Google Scholar
• Durbin, E., and D. Ng. 2005. “The Sovereign Ceiling and Emerging Market Corporate Bond Spreads.” Journal of International Money and Finance 24: 631–649.
   Web of Science ®Google Scholar
• Fan, J. P. H., O. M. Rui, and M. Zhao. 2008. “Public Governance and Corporate Finance: Evidence from Corruption Cases.” Journal of Comparative Economics 36: 343–364.
   Web of Science ®Google Scholar
• Freckleton, M., A. Wright, and R. Craigwell. 2012. “Economic Growth, Foreign Direct Investment and Corruption in Developed and Developing Countries.” Journal of Economic Studies 39: 639–652.
   Google Scholar
• Gillanders, R., and O. Neseleveska. 2016. “Public Sector Corruption and Trust in the Private Sector.” Journal of International Development 30: 1288–1317.
   Web of Science ®Google Scholar
• Gründler, K., and N. Potrafke. 2019. “Corruption and Economic Growth: New Empirical Evidence.” European Journal of Political Economy 60: 101810.
   Web of Science ®Google Scholar
• Heywood, P. 2015. “Measuring Corruption: Perspectives, Critiques, and Limits.” In Routledge Handbook of Political Corruption, edited by P. Heywood. London: Routledge Press.
   Google Scholar
• Khalid, A. M., and G. Rajaguru. 2018. “Investigating the Determinants of Domestic Bonds: The Role of Socio-Economic and Institutional Factors.” Applied Economics 50: 35–50.
   Web of Science ®Google Scholar
• Krueger, A. O. 1974. “The Political Economy of the Rent-Seeking Society.” American Economic Review 64: 291–303.
   Web of Science ®Google Scholar
• Lambsdorff, J. G. 2003. “Background Paper to the 2003 Corruption Perceptions Index.” Mimeo: Transparency International.
   Google Scholar
• Mauro, P. 1995. “Corruption and Growth.” Quarterly Journal of Economics 110: 681–712.
   Web of Science ®Google Scholar
• Mo, P. A. 2001. “Corruption and Economic Growth.” Journal of Comparative Economics 29: 66–79.
   Web of Science ®Google Scholar
• Neumann, R., G. Mehlkop, and P. Graeff. 2014. What Do We Measure If We Measure Corruption? A MultiTrait Multi Method Approach for Pinpointing the Validity of Aggregated Corruption Indices. Working paper, Dresden University of Technology.
   Google Scholar
• Ng, D. 2006. “The Impact of Corruption on Financial Markets.” Managerial Finance 32: 822–836.
   Web of Science ®Google Scholar
• Olken, B. A. 2009. “Corruption Perceptions vs. Corruption Reality.” Journal of Public Economics 93: 950–964.
   Web of Science ®Google Scholar
• Paserman, M. 2017. “Comovement or Safe Haven? The Effect of Corruption on the Market Risk of Sovereign Bonds of Emerging Economies During Financial Crises.” Journal of International Money and Finance 76: 106–132.
   Web of Science ®Google Scholar
• Raiser, M., A. Rousso, F. Steves, and U. Teksoz. 2008. “Trust in Transition: Cross-Country and Firm Evidence.” Journal of Law, Economics, and Organization 24 (2): 407–433.
   Web of Science ®Google Scholar
• Roberts, M., and T. Whited. 2012. “Endogeneity in Empirical Corporate Finance.” Handbook of the Economics of Finance Volume 2, Edited by G. Constantinides, M. Harris and R. Stulz.
   Google Scholar
• Shleifer, A., and R. W. Vishny. 1993. “Corruption.” Quarterly Journal of Economics 108: 599–617.
   Web of Science ®Google Scholar
• Swaleheen, M. 2011. “Economic Growth with Endogenous Corruption: An Empirical Study.” Public Choice 146: 23–41.
   Web of Science ®Google Scholar
• Treisman, D. 2000. “The Causes of Corruption: A Cross-National Study.” Journal of Public Economics 76: 399–457.
   Web of Science ®Google Scholar
• Vuoristo, J. 2017. Corruption and Sovereign Bond Yields: Evidence From EU Countries. Mimeo University of Vaasa.
   Google Scholar
• Wilhelm, P. G. 2002. “International Validation of the Corruption Perceptions Index: Implications for Business Ethics and Entrepreneurship Education.” Journal of Business Ethics 35: 177–189.
   Web of Science ®Google Scholar