Corruption and innovation in private firms: Does gender matter?

Hewa Wellalage, Nirosha and Fernandez, Viviana and Thrikawala, Sujani (2020) Corruption and innovation in private firms: Does gender matter? International Review of Financial Analysis, 70 . ISSN 1057-5219

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Abstract or Summary

In this study, we examine whether bribery impairs gender-based asymmetries in product/process innovation in developing economies. Based on firm-level data from Latin American countries, we reject the proposition that women behave differently with respect to bribing on the grounds of higher ethical/moral standards. After controlling for endogeneity and non-random treatment effects, we find that, in line with the Differential association and opportunity (DAO) theory, women in positions of influence (i.e., firm ownership and top management) are equally associated with firm-level bribing. Furthermore, the results indicate that women receive, on average, a greater payoff from bribing compared to male counterparts. At a practical level for firms wishing to innovate, the question of how to gain maximum advantage from each peso paid in bribes becomes an interesting amoral exercise. Our study reveals that promoting women into high-level positions on the basis of their superior morality is an ill-conceived presumption, which is not supported empirically.

Item Type:Journal article
Keywords that describe the item:Women, Bribes, Innovation, Developing countries, Latin America, Extended probit regression
Subjects:F History United States, Canada, Latin America > F1201 Latin America (General)
H Social Sciences > HG Finance
Divisions:Schools > Centre for Business, Information Technology and Enterprise > School of Business and Adminstration
ID Code:7401
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Deposited On:05 Nov 2020 05:01
Last Modified:19 Nov 2020 21:16

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