Title: Bribery and firm characteristics in Thailand

Authors: Siwapong Dheera-aumpon; Piyaphan Changwatchai

Addresses: Department of Economics, Kasetsart University, Bangkok, 10900, Thailand ' Department of Economics, Kasetsart University, Bangkok, 10900, Thailand

Abstract: Corruption is a major issue in Thailand, commonly occurring as bribery. This study examined the relationships between bribery and the characteristics of firms in Thailand using data from the 2016 World Bank Enterprise Survey. Findings indicated that two characteristics including the experience of the senior executive and the level of market competition significantly and positively related to bribe giving. The results were robust and applied additional control variables and different regression models. To eliminate bribery, the government should target experienced managers and firms in highly competitive markets. International investors should also be aware of the prevalence of bribery in firms facing high competition.

Keywords: bribery; business; corruption; firm; Thai.

DOI: 10.1504/IJEPEE.2024.142469

International Journal of Economic Policy in Emerging Economies, 2024 Vol.20 No.3/4, pp.246 - 254

Received: 11 Jul 2021
Accepted: 10 Dec 2021
Published online: 04 Nov 2024 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article