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21/5/2105: The Darker Side of Transparency?
trueeconomics.blogspot.com / by Constantin Gurdgiev / Thursday, May 21, 2015
World Bank paper published earlier this month and titled “The Dark Side of Disclosure: Evidence of Government Expropriation from Worldwide Firms” raises some very interesting questions about the relationship between corporate transparency and government incentives.
The paper by Liu, Tingting and Ullah, Barkat and Wei, Zuobao and Xu, Lixin Colin (May 4, 2015, World Bank Policy Research Working Paper No. 7254: http://ssrn.com/abstract=2602586) looks at “the effects of voluntary accounting information disclosure through auditing on firm access to finance, exposure to corruption, and sales growth.” The authors use data for more than 70,000 firms in 121 countries.
The authors find that “…disclosure can be a double-edged sword” with overall effect depending on institutional capital present in a specific country.
The post 21/5/2105: The Darker Side of Transparency? appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/05/21/2152105-the-darker-side-of-transparency/
