التفاصيل البيبلوغرافية
| العنوان: |
Corruption and International Valuation: Does Virtue Pay? |
| المؤلفون: |
Lee, Charles M. C.1 professor.lee@gmail.com, Ng, David2 dtn4@cornell.edu |
| المصدر: |
Journal of Investing. Winter2009, Vol. 18 Issue 4, p23-41. 19p. |
| مصطلحات موضوعية: |
*CORPORATE corruption, *VALUATION, *CASH flow, *CORPORATE profits, *ECONOMIC indicators, *MANAGEMENT |
| مستخلص: |
The article discusses a study which examines the empirical relation between the level of corruption and the valuation of its corporations. The study shows that corruption leads to a decline in firm value through lower cash flows and declined in profitability. It notes that lower valuation results to lower growth for firms in more corrupt regimes. It furthers that growth, profitability, and risk are demonstrated by the valuation theory as the key economic driver of corruption. |
| قاعدة البيانات: |
Business Source Index |
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