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This paper aims to analyze and discuss the causes and effects of public corruption in the United States, the electoral and political drivers of public corruption, and the possible endogeneity of prosecutorial endeavor in establishing corruption convictions. My analysis complements the growing literature on the determinants and effects of political corruption, the detrimental consequences of corruption on firm value, the function of corporate governance processes when the nearby economic setting is rampant with corruption, and corruption control in the United States. JEL codes: D73; D72; L22; L25 Keywords: United States; public corruption; conviction; firm
Economics, Management, and Financial Markets – Addleton Academic Publishers
Published: Jan 1, 2016
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