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Bribery and firm characteristics in Thailand

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  • Siwapong Dheera-aumpon
  • Piyaphan Changwatchai

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.

Suggested Citation

  • Siwapong Dheera-aumpon & Piyaphan Changwatchai, 2024. "Bribery and firm characteristics in Thailand," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 20(3/4), pages 246-254.
    • Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:246-254
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    Keywords

    bribery; business; corruption; firm; Thai.;
    All these keywords.

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