Quantcast SSRN-Corruption and International Valuation: Does Virtue Pay? by Charles Lee, David Ng
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SSRN-Corruption and International Valuation: Does Virtue Pay? by Charles Lee, David Ng

Posted on 10/25/2006 10:38 AM | Link | Post Comment
SSRN-Corruption and International Valuation: Does Virtue Pay? by Charles Lee, David Ng: "Abstract: Using firm-level data from 44 countries, we investigate the relation between corruption and international corporate values. Our analysis shows that firms from more corrupt countries trade at significantly lower market multiples. The effect is both economically and statistically significant. "
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