The Impact of the Foreign Corrupt Practices Act on Competitiveness, Bribery, and Investment

IF 1 3区社会学 Q3 ECONOMICS

American Law and Economics Review Pub Date : 2020-03-14 DOI:10.1093/aler/ahaa004

Arbatskaya M, Mialon H.

引用次数: 0

Abstract

The Foreign Corrupt Practices Act (FCPA) prohibits U.S.-related firms from making bribes abroad. We analyze the FCPA’s effects in a model of competition between a U.S. and foreign firm for contracts in a host country. If the FCPA only applies to the U.S. firm, it reduces that firm’s competitiveness and either increases bribery by the foreign firm or reduces overall investment. If the FCPA also applies to foreign firms, it reduces total bribery, and in host countries with high corruption levels, it increases total investment. The model suggests that the FCPA will deter bribery and stimulate investment while not disadvantaging U.S. firms if its enforcement is aimed at firms who engaged in bribery in highly corrupt countries and whose main competitors are also subject to the FCPA.

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《反海外腐败法》对竞争、贿赂和投资的影响

摘要美国《反海外腐败法》禁止与美国有关的企业在海外行贿。我们通过一个美国公司与外国公司在东道国竞争合同的模型来分析《反海外腐败法》的影响。如果《反海外腐败法》只适用于美国公司，它会降低该公司的竞争力，要么增加外国公司的贿赂行为，要么减少总体投资。如果《反海外腐败法》也适用于外国公司，它会减少贿赂总额，而在腐败程度高的东道国，它会增加总投资。该模型表明，如果《反海外腐败法》的执行目标是在高度腐败的国家从事贿赂的公司，并且其主要竞争对手也受到《反海外腐败法》的约束，那么该法案将遏制贿赂并刺激投资，同时不会使美国公司处于不利地位。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

American Law and Economics Review Multiple-

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： The rise of the field of law and economics has been extremely rapid over the last 25 years. Among important developments of the 1990s has been the founding of the American Law and Economics Association. The creation and rapid expansion of the ALEA and the creation of parallel associations in Europe, Latin America, and Canada attest to the growing acceptance of the economic perspective on law by judges, practitioners, and policy-makers.