This paper documents that standard measures of corruption based on the perceptions of experts and
opinion surveys and measures based on the experiences of firms can in some cases lead to quite
different conclusions as to how much of a problem corruption is in a country. We then show that while
perceptions of corruption are significantly associated with the amount of foreign direct investment that
a country attracts, the experience on the ground is not. We find some evidence that greenfield
investment is significantly associated with the experience of corruption while mergers and acquisitions
is driven by perceptions
Is data on this page outdated, violates copyrights or anything else? Report the problem now and we will take corresponding actions after reviewing your request.