Effects of subnational regional corruption on growth strategies in emerging economies: Evidence from Russian domestic and international M&A activity

Item Type Journal paper
Abstract

This article contributes to an improved understanding of the effects of subnational regional corruption on the external growth strategies of emerging economy firms. We examine the acquisition activity of firms in their home regions, in other parts of the country, and internationally. We consider four mechanisms through which a corrupt regional home context can affect firms’ acquisition behaviors: (a) corrosive deal deterrence, (b) deal facilitation, (c) corruption escape into less corrupt contexts, and (d) enhanced corruption ability to acquire in similarly corrupt environments. Based on an analysis of the acquisition activity of 2,981 Russian firms established in 40 regions in Russia from 2001 to 2008, we find evidence for the existence of both deal facilitating and escaping effects of home region corruption.

Authors Bertrand, Olivier; Betschinger, Marie-Ann & Laamanen, Tomi
Journal or Publication Title Global strategy journal
Language English
Subjects business studies
social sciences
HSG Classification contribution to scientific community
Refereed Yes
Date 28 December 2017
Publisher Wiley
Place of Publication Malden, Mass.
ISSN 2042-5791
ISSN-Digital 2042-5805
Publisher DOI 10.1002/gsj.1204
Depositing User Prof. Dr. Tomi Laamanen
Date Deposited 27 Feb 2018 15:10
Last Modified 09 Jul 2019 14:50
URI: https://www.alexandria.unisg.ch/publications/253776

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Citation

Bertrand, Olivier; Betschinger, Marie-Ann & Laamanen, Tomi (2017) Effects of subnational regional corruption on growth strategies in emerging economies: Evidence from Russian domestic and international M&A activity. Global strategy journal, ISSN 2042-5791

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https://www.alexandria.unisg.ch/id/eprint/253776
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