States of Nature and Indicators of Managers Corruption in Indonesia

Mahadwartha, Putu Anom (2010) States of Nature and Indicators of Managers Corruption in Indonesia. Global Journal of Business Research, 4 (3). pp. 25-45. ISSN 1931-0277

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Abstract

This research investigates private sector corruption. The research focuses on a firm’s life cycle as it relates to corruption. Free cash flows to dividends and leverage are used as indicators of private sector corruption. The research examines Non-financial firms listed on the Indonesia Stock Exchange from 1994 to 2006 including 1,680 observation years. Six hypotheses are tested using the Generalized Methods of Moments and Wald tests. The results demonstrate that leverage policy is a major indicator of firm micro level corruption while dividend policy is not. The results show maturity stage firms have the highest corruption levels and declining stage firms have the lowest levels

Item Type: Article
Uncontrolled Keywords: growth, maturity, star, decline, free cash flow, dividend, leverage, coruption
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Business and Economic > Department of Management
Depositing User: Adpesdam Ubaya
Date Deposited: 21 Mar 2012 05:33
Last Modified: 21 Mar 2012 05:33
URI: http://repository.ubaya.ac.id/id/eprint/240

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