Disclosure Standards, Auditing Infrastructure, and Bribery Mitigation

Samer Khalil, Walid Saffar, Samir Trabelsi

Research output: Journal article publicationJournal articleAcademic researchpeer-review

24 Citations (Scopus)


Using a sample of 15,174 firms from 24 countries included in the 2009 World Bank Enterprise Survey, we investigate the impact of disclosure standards and auditing infrastructure on the bribery of public officials to secure government contracts. We find that firms are less likely to grant gift to secure a government contract in countries having more extensive financial reporting requirements and countries where audit firms face a higher litigation and sanction risk. Findings also show that firms are less likely to bribe bureaucrats in case financial statements are reviewed by an external audit firm. Our results are economically significant and are robust to several sensitivity analyses. These findings support certain policies that are currently being implemented or discussed to mitigate bribery within the public sector across the globe.
Original languageEnglish
Pages (from-to)379-399
Number of pages21
JournalJournal of Business Ethics
Issue number2
Publication statusPublished - 1 Dec 2015


  • Accounting transparency
  • Business ethics
  • Corporate governance

ASJC Scopus subject areas

  • Business and International Management
  • General Business,Management and Accounting
  • Arts and Humanities (miscellaneous)
  • Economics and Econometrics
  • Law


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