Corruption and innovation in private firms: Does gender matter? Nirosha HewaWellalage a VivianaFernandez b SujaniThrikawala c Waikato Management School, University of Waikato, New Zealand Business School, Universidad Adolfo Ibañez, Chile Centre for Business and Enterprise, Waikato Institute of Technology (WINTEC), New Zealand Accepted Version- International Review of Financial Analysis Volume 70, July 2020, 101500 https://doi.org/10.1016/j.irfa.2020.101500 Abstract 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. Keywords: Women, Bribes, Innovation, Developing countries, Latin America, Extended probit regression JEL Classifications: D73, J16, O3, N26, L25 1. Introduction
Corruption and innovation in private firms: Does gender matter?
Jul 06, 2023
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