Determinants of the likelihood of bribery of joint-stock companies

Abstract

     The aim of this paper is to examine factors affecting the likelihood of bribery of joint-stockcompanies. Using agency theory, hypotheses of the study are developed. The study uses thesurve}' data extracted from the data set of 314 Joint-stock companies in Vietnam and appliesProbit and Tobit non-linear regressions to test the proposed hypotheses. The empirical resultsreveal that the non-separation of ownership-control negatively related to the likelihood ofbribery of companies. In addition, the female manager is likely less bribery than the male managerThe research provides some theoretical contribution. Policy implications are also suggestedto reduce bribery.