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The “grabbing hand” or the “helping hand” view of corruption: Evidence from bank foreign market entries

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  • Petrou, Andreas P.
  • Thanos, Ioannis C.

Abstract

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.

Suggested Citation

  • Petrou, Andreas P. & Thanos, Ioannis C., 2014. "The “grabbing hand” or the “helping hand” view of corruption: Evidence from bank foreign market entries," Journal of World Business, Elsevier, vol. 49(3), pages 444-454.
    • Handle: RePEc:eee:worbus:v:49:y:2014:i:3:p:444-454
    DOI: 10.1016/j.jwb.2013.10.004
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