Rights statement: This is the author’s version of a work that was accepted for publication in Journal of World Business. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of World Business, 49, 3, 2014 DOI: 10.1016/j.jwb.2013.10.004
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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - The “grabbing hand” or the “helping hand” view of corruption
T2 - evidence from bank foreign market entries
AU - Petrou, Andreas
AU - Thanos, Ioannis
N1 - This is the author’s version of a work that was accepted for publication in Journal of World Business. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of World Business, 49, 3, 2014 DOI: 10.1016/j.jwb.2013.10.004
PY - 2014/7
Y1 - 2014/7
N2 - 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.
AB - 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.
KW - Banking
KW - Corruption
KW - Foreign market commitment
KW - Market-seeking
KW - Liability of foreignness
U2 - 10.1016/j.jwb.2013.10.004
DO - 10.1016/j.jwb.2013.10.004
M3 - Journal article
VL - 49
SP - 444
EP - 454
JO - Journal of World Business
JF - Journal of World Business
SN - 1090-9516
IS - 3
ER -