Does Corruption Matter for Stock Returns? Evidence from BRIC countries

Lakshmi, Geeta and Saha, Shrabani and Bhattarai, Keshab (2020) Does Corruption Matter for Stock Returns? Evidence from BRIC countries. In: Third Development Economics Conference, 17th-19th June, 2019, Lincoln Business School.

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Presentation on Corruption and Stock Returns
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Abstract

Economic activity, including markets, are embedded in organisational, social and legal institutional variables (Grannovetter, 1985, 2004; North, 1990; Black, 2013; Riccuiti et al. 2018)
In literature, corruption can be both growth-enhancing (oiling the wheels) or growth stunting (sand in the wheels)
This has been looked at in terms of economic growth, FDI flows, fiscal capacity etc.). However no studies on the impact of corruption on stock returns. We investigate using Panel Data Analysis and External Bounds Analysis

Keywords:Corruption, Stock Market, BRIC
Subjects:L Social studies > L110 Applied Economics
L Social studies > L111 Financial Economics
L Social studies > L220 Political Systems
Divisions:Lincoln International Business School
ID Code:37382
Deposited On:07 Oct 2019 07:55

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