Calls for papers

 

International Journal of Monetary Economics and Finance

 

Special Issue on: "Corruption and Financial Performance of Private and Public Firms"

Guest Editors:
Prof. Carlo Bellavite Pellegrini and Dr. Laura Pellegrini, Università Cattolica del Sacro Cuore and CeMaFiR, Italy
Dr. Emiliano Sironi, Università Cattolica del Sacro Cuore and Università Commerciale L. Bocconi, Italy

Although until the eighties scientific research on corruption was largely limited to the fields of sociology and criminal law, starting from the nineties there has been an increase in studies on the relationship between corruption and economic performance, with respect to both public and private sectors.

In the public sector, corruption is supposed to reduce the efficiency of public services, to undermine citizens’ trust in institutions and to increase transaction costs. In this framework, corruption, acting as a negative externality, creates a situation in which the market fails to allocate resources efficiently.

With regard to the private sector, corruption has a strong effect on the size of the informal economy, increasing the costs of creating new businesses and surviving in the market within the formal economy. Hence, higher costs are connected to a deterioration of the firms’ financial position and expose them to higher default risks.

Lower firms’ performances and a decrease in the levels of governance effectiveness weakens financial institutions, amplifying the effect of local crises in an interconnected and globalised financial market.

This special issue aims at publishing and disseminating the newest state-of-the-art research on the link between corruption, governance, corporate governance and financial performances in both private and public institutions, in order to elaborate new strategies for reducing financial risks in the global markets. Authors are encouraged to submit papers that employ both theoretical and applied research methodologies, such as economic models, econometric analyses and case studies.

Subject Coverage
Suitable topics include but are not limited to:

• Financial performance and corruption
• Firm demography and corruption
• Political economy and policy making
• The role of private and public governance on firms' performances
• Regulation of financial markets
• Creating and testing governance and corruption indicators
• Politically connected companies and institutions

Notes for Prospective Authors

Submitted papers should not have been previously published nor be currently under consideration for publication elsewhere. (N.B. Conference papers may only be submitted if the paper was not originally copyrighted and if it has been completely re-written).

All papers are refereed through a peer review process. A guide for authors, sample copies and other relevant information for submitting papers are available on the Author Guidelines page.

Important Dates

Deadline for receipt of manuscripts: 28 February, 2013