4,049
Views
0
CrossRef citations to date
0
Altmetric
ACCOUNTING, CORPORATE GOVERNANCE & BUSINESS ETHICS

The Role of Control of Corruption and Quality of Governance in ASEAN: Evidence from DOLS and FMOLS Test

, , ORCID Icon, , &
Article: 2154060 | Received 13 Oct 2022, Accepted 29 Nov 2022, Published online: 28 Dec 2022

References

  • ADB. 2001. Asian Development Bank. Asia Recovery Report 2001, Sept 2001 update.
  • AGNAFORS. 2013. Quality of government: Toward a more complex definition. https://www.cambridge.org/core/journals/american-political-science-review/article/abs/quality-of-government-toward-a-more-complex-definition/F8ABC30BA479AB911E9CB09D7938D1E0
  • ALFADA, A. (2019). Corruption and economic growth in asean member countries. Economics and Finance in Indonesia, 65(2), 111–17. https://doi.org/10.47291/efi.v65i2.628
  • AL-FARYAN, M. A. S., & SHIL, N. C. (2022). Nexus between governance and economic growth: Learning from Saudi Arabia. Cogent Business & Management, 9(1), 2130157. https://doi.org/10.1080/23311975.2022.2130157
  • ARIFIN, R. (2014). Combating Corruption under ASEAN cooperation: the emerging issues. POLITICAL AND SECURITY ISSUES IN ASEAN, 25.
  • ASEAN. 2019. ASEAN INTEGRATION REPORT https://asean.org/storage/2019/11/ASEAN-integration-report-2019.pdf 7 March 2021.
  • ASEAN. 2021. ASEAN Business Outlook Survey. https://amcham.com.sg/wp-content/uploads/2021/05/ASEAN-Business-Outlook-Survey-2021-240521.pdf
  • ASIA-GLOBAL-INSTITUTE. 2016. AEC and its numerous challenges. https://www.asiaglobalinstitute.hku.hk/news-post/aec-and-its-numerous-challenges
  • ATA, A. Y., & ARVAS, M. A. (2011). Determinants of economic corruption: A cross-country data analysis. International Journal of Business and Social Science, 2, 161–169.
  • AZIZ, M. N., & SUNDARASEN, S. D. D. (2015). The impact of political regime and governance on ASEAN economic growth. Journal of Southeast Asian Economies, 32(3), 375–389. https://doi.org/10.1355/ae32-3e
  • BARKER, E. (2012). The political thought of Plato and Aristotle. Courier Corporation.
  • BENNY, G. (2016). Attitude, challenges and aspiration for the ASEAN community 2015 and beyond: Comparative public opinion in Malaysia and Thailand. The Social Sciences, 11, 5488–5495.
  • BOATENG, A., Wang, Y., NTIM, C., & Glaister, K. W. (2020). National culture, corporate governance and corruption: A cross‐country analysis. International Journal of Finance & Economics.
  • CAIDEN, G. E. (1981). Public maladministration and bureaucratic corruption. Hong Kong Journal of Public Administration, 3(1), 56–71. https://doi.org/10.1080/02529165.1981.10800097
  • CAIDEN, G. E. (1988). Toward a general theory of official corruption. Asian Journal of Public Administration, 10(1), 3–26. https://doi.org/10.1080/02598272.1988.10800195
  • CHEN, X., & YANG, Y. (2022). Different shades of norms: Comparing the approaches of the EU and ASEAN to cyber governance. The International Spectator. 1–18
  • CHETTHAMRONGCHAI, P., Jermsittiparsert, K., & Saengchai, S. (2020). How the nexus among the free trade, institutional quality and economic growth ffect the trade from ASEAN countries. Entrep. Sustain, 7.
  • DWIYANTO, A. (2005). Kualitas Pelayanan Publik book.
  • EVRENSEL, A. Y. (2010). Institutional and economic determinants of corruption: A cross-section analysis. Applied Economics Letters, 17(6), 551–554. https://doi.org/10.1080/13504850802297814
  • FARRALES, M. J.(2006). Bureaucratic corruption in Southeast Asia: A comparative analysis of the ASEAN 5. SSRN Electronic Journal, Available at SSRN 1740009 https://doi.org/10.2139/ssrn.1740009
  • FOLARIN, S. (2021). Corruption, politics and governance in Nigeria. In Nigerian politics. Springer.
  • FOSU, A., Bates, R., & Hoeffler, A. (2006). Institutions, governance and economic development in Africa: An overview. Journal of African Economies, 15(Suppl. 1), 1–9. https://doi.org/10.1093/jae/ejk004
  • FRAJ, S. H., Hamdaoui, M., & Maktouf, S. (2018). Governance and economic growth: The role of the exchange rate regime. International Economics, 156, 326–364. https://doi.org/10.1016/j.inteco.2018.05.003
  • FUAD, F., Juliarto, A., Prasetyo, A. B., & Fahlevi, A. R. (2022). Early compliance with IFRS 16, earnings management, and corruption: Evidence from Southeast Asia. Cogent Business & Management, 9(1), 2141092. https://doi.org/10.1080/23311975.2022.2141092
  • GONZALEZ, E. T., & MENDOZA, M. L. 2002. Governance in Southeast Asia: Issues and options. PIDS Discussion Paper Series.
  • GRABOWSKI, R., & SELF, S. (2020). What factors influence the quality of governance institutions? An Asian perspective. Journal of Asian Economics, 70, 101238. https://doi.org/10.1016/j.asieco.2020.101238
  • GRINDLE, M. S. (2004). Good enough governance: Poverty reduction and reform in developing countries. Governance, 17(4), 525–548. https://doi.org/10.1111/j.0952-1895.2004.00256.x
  • HAW, T. J., Kueh, J., & LING, S. W. S. (2020). Corruption and growth in ASEAN countries: A non-linear investigation. INTERNATIONAL JOURNAL OF ACADEMIC RESEARCH IN BUSINESS AND SOCIAL SCIENCES, 10.
  • Heidenheimer, A. J., Johnston, M., & LeVine, V. T. (1970). Political corruption (Vol. 24, pp. 26–27). Holt, Rinehart & Winston.
  • HELLER, N. (2009). Defining and Measuring Corruption: From where have we come, where are we now, and what matters for the future? Revista Del Clad Reforma Y Democracia, 5–+.
  • HENDERSON, J. (2014). Reassessing Asean. Routledge.
  • HOLMBERG, S., ROTHSTEIN, B., & Nasiritousi, N. (2009). Quality of government: What you get. Annual Review of Political Science, 12(1), 135–161. https://doi.org/10.1146/annurev-polisci-100608-104510
  • IFAC. 2014. Good Governance and the Fight against Corruption. https://www.ifac.org/knowledge-gateway/contributing-global-economy/discussion/good-governance-and-fight-against-corruption 7 March 2021
  • IMF. 2019. ASIA AND THE PACIFIC. https://www.imf.org/external/pubs/ft/ar/2019/eng/regional-highlights 12 January 2021
  • INDEX, T. (2021). Corruption Perception Index 2021 8 data sources were used to construct the Corruption Perceptions Index (CPI) 2021 for Pakistan. Economist.
  • JUNE, R., & HELLER, N. (2009). Corruption and anti-corruption in peacebuilding: Toward a unified framework. New Routes, 14, 10–14.
  • KAUFMANN, D. (2005). Myths and realities of governance and corruption. Available at SSRN 829244.
  • KAUFMANN, D., KRAAY, A., & MASTRUZZI, M. (2004). Governance matters III: Governance indicators for 1996, 1998, 2000, and 2002. The World Bank Economic Review, 18(2), 253–287. https://doi.org/10.1093/wber/lhh041
  • KAUFMANN, D., KRAAY, A., & MASTRUZZI, M. (2005). Governance matters IV: Governance indicators for 1996-2004. The World Bank.
  • KAUFMANN, D., KRAAY, A., & ZOIDO-LOBATÓN, P. (1999). Aggregating governance indicators. world Bank publications.
  • KHAN, M. S. (2022). Quality of governance, social capital and corruption: Local governance and the Pakistan marketplace. Review of Social Economy, 80(2), 220–249. https://doi.org/10.1080/00346764.2020.1734228
  • MIRA, R. (2018). Good Governance and Growth in Emerging Countries: A Critical Review. International Relations and Diplomacy, 6, 231–238.
  • MONGID, A., & TAHIR, I. M. 2011. Impact of corruption on banking profitability in ASEAN countries: An empirical analysis.
  • MOODY-STUART, G. (1997). Grand corruption: How business bribes damage developing countries. WorldView.
  • MUSTAFA, M., Ghazali, F., & Yuniza, M. E. (2022). Governance interventions in providing affordable, reliable, sustainable, and modern energy in the ASEAN region (Goal 7). In Good Governance and the Sustainable Development Goals in Southeast Asia. Routledge.
  • NARINE, S. (2002). Explaining ASEAN: Regionalism in Southeast Asia. Lynne Rienner Publishers.
  • NGUYEN, M.-L. T. (2022). Foreign direct investment and economic growth: The role of financial development. Cogent Business & Management, 9(1), 2127193. https://doi.org/10.1080/23311975.2022.2127193
  • NOORDERHAVEN, N. G., & TIDJANI, B. (2001). Culture, governance, and economic performance: An explorative study with a special focus on Africa. International Journal of Cross Cultural Management, 1(1), 31–52. https://doi.org/10.1177/147059580111006
  • NUH, M., & SRIBOONARK, N. 2014. Anti-corruption and governance challenges in Southeast Asia: Toward the ASEAN political-security community Agenda.
  • NUH, M., & SRIBOONNARK, N. 2016. The Issues of anti-corruption and good governance in southeast asia: as a working Agenda of ASEAN Community วารสาร การเมือง การ บริหาร และ ก ฏ หมาย. 7, 453–472.
  • Ogundajo, G. O., Akintoye, R. I., Abiola, O., Ajibade, A., Olayinka, M. I., & Akintola, A. (2022). Influence of country governance factors and national culture on corporate sustainability practice: An inter-Country study. Cogent Business & Management, 9(1), 2130149. https://doi.org/10.1080/23311975.2022.2130149
  • Persson, A. 2008. The institutional sources of statehood. Assimilation, multiculturalism, and taxation in Sub-Saharan Africa.
  • Phillips, P. C., & HANSEN, B. E. (1990). Statistical inference in instrumental variables regression with I (1) processes. The Review of Economic Studies, 57(1), 99–125. https://doi.org/10.2307/2297545
  • Pope, J. (2000). Confronting corruption: The elements of a national integrity system. Transparency International.
  • Programme, U. N. D., & LIMITED, M. I. (2008). Tackling corruption, transforming lives: Accelerating human development in Asia pacific.
  • Quah, J. S. (2001). Combating corruption in Singapore: What can be learned? Journal of Contingencies and Crisis Management, 9(1), 29–35. https://doi.org/10.1111/1468-5973.00151
  • Quah, J. S. (2009). Governance and corruption: Exploring the connection. American Journal of Chinese Studies, 119–135.
  • Rahayu, I. P., & WIDODO, T. (2013). The causal relationship between corruption and poverty in ASEAN: A general method of moments/dynamic panel data analysis. Journal of Economics, Business, & Accountancy Ventura, 15(3), 527–536. https://doi.org/10.14414/jebav.v15i3.119
  • Rivera‐Batiz, F. L. (2002). Democracy, governance, and economic growth: Theory and evidence. Review of Development Economics, 6(2), 225–247. https://doi.org/10.1111/1467-9361.00151
  • Rotberg, R. I. (2007). On improving nation-state governance. Daedalus, 136(1), 152–155. https://doi.org/10.1162/daed.2007.136.1.152
  • Rothstein, B. O., & TEORELL, J. A. (2008). What is quality of government? A theory of impartial government institutions. Governance, 21(2), 165–190. https://doi.org/10.1111/j.1468-0491.2008.00391.x
  • SAMETI, M., Ranjbar, H., & Mohseni, F. (2012). The Effect of Good Governance Indicators on Human Development Index: The Case of ASEAN Countries. Quarterly Journal of Economic Growth and Development Research, 1, 183.
  • SECRETARIAT, A. 2015. ASEAN ICT MASTERPLAN 2015. https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=10&cad=rja&uact=8&ved=2ahUKEwj-oOP30OvkAhUBl48KHTw8B2YQFjAJegQIABAC&url=https%3A%2F%2Fwww.asean.org%2Fstorage%2Fimages%2F2015%2FDecember%2Ftelmin%2FASEAN%2520ICT%2520Completion%2520Report.pdf&usg=AOvVaw14HPU7oEn6MQlFNieGCQBg.
  • SECRETARIAT, A. (2016). About ASEAN. European Journal of Social Theory, 427, 447.
  • SERRAT, O. (2011). Political Economy Analysis for Development Effectiveness, Asian Development Bank. Pristupljeno, 20(4), 2018.
  • Singapore, A. (2014). US Chamber of Commerce. ASEAN Business Outlook Survey.
  • Soesastro, H. (2007). Implementing the ASEAN economic community (AEC) blueprint. Soesastro, H. eds.
  • STRAITSTIMES. 2017. Asean needs to be more ‘people-centred’ to be relevant: The Jakarta Post. https://www.straitstimes.com/asia/se-asia/asean-needs-to-become-people-centred-to-be-relevant-the-jakarta-post-columnist, 10 January 2021
  • SYADULLAH, M. (2015). Governance and tax revenue in Asean countries. Journal of Social and Development Sciences, 6(2), 76–88. https://doi.org/10.22610/jsds.v6i2.845
  • TARNOFF, C. Millennium challenge corporation. CRS Report for Congress, 2009.
  • THEASEANPOST. 2019. Corruption: Hos Is ASEAN Performing. https://theaseanpost.com/article/corruption-how-asean-performing, 16 February 2021
  • THEDIPLOMAT. 2017. Corruption Is Holding ASEAN Back. https://thediplomat.com/2017/01/corruption-is-holding-asean-back 16 February 2021
  • THEDIPLOMAT. 2020. ASEAN’s Challenges and the Way Forward. https://thediplomat.com/2020/08/aseans-challenges-and-the-way-forward 16 February 2021
  • THEWORLDBANK. 2018. DataBank Worldwide Governance Indicators. http://databank.worldbank.org/data/source/worldwide-governance-indicators
  • THEWORLDBANK. 2019. ASEAN Policy Makers Commit to Accelerating Human Capital Development. https://www.worldbank.org/en/news/press-release/2019/09/09/asean-policy-makers-commit-to-accelerating-human-capital-development
  • TIME, O. (2002). Comparing governance across countries and over time: Conceptual challenges. Better Governance and Public Policy: Capacity Building for Democratic Renewal in Africa, 13.
  • TRAN, V. T. (2013). The middle-income trap: Issues for members of the Association of Southeast Asian Nations. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2266239
  • WEFORUM. 2017. 7 key challenges for the future of ASEAN - and how to solve them. https://www.weforum.org/agenda/2018/08/7-challenges-to-business-in-the-asean-region-and-how-to-solve-them 12 February 2021
  • WIJAYATI, N., Hermes, N., & Holzhacker, R. (2016). Corporate governance and corruption: A comparative study of Southeast Asia. In Decentralization and Governance in Indonesia. Springer.
  • WORLDBANK.ORG. (2021). Control of Corruption: Percentile Rank. The World Bank Data Catalog. https://datacatalog.worldbank.org/control-corruption-percentile-rank
  • WORLDECONOMICFORUM. 2016. The ASEAN Economic Community: What you need to know. https://www.weforum.org/agenda/2016/05/asean-economic-community-what-you-need-to-know/
  • YUNAN, Z. Y., & ANDINI, A. (2018). Corruption, Poverty, and Economic Growth (Causality Studies among Asean Countries). JEJAK: Jurnal Ekonomi Dan Kebijakan, 11(2), 413–428. https://doi.org/10.15294/jejak.v11i2.16061
  • ZANDI, G., Haseeb, M., & Abidin, I. S. Z. (2019). The impact of democracy, corruption and military expenditure on environmental degradation: Evidence from top six Asean countries. Humanities & Social Sciences Reviews, 7(4), 333–340. https://doi.org/10.18510/hssr.2019.7443