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dc.contributor.authorGodinez, Jose
dc.contributor.authorSanchez-Barrios , Luis
dc.contributor.authorBandeira de Mello, Rodrigo
dc.contributor.authorKhalik, Mahmoud
dc.identifier.citationGodinez , J , Sanchez-Barrios , L , Bandeira de Mello , R & Khalik , M 2021 , ' Familiarity does not breed contempt : curbing subsidiary corruption through a legitimacy-enhanced ownership structure ' , Latin American Business Review , vol. Latest Articles .
dc.identifier.otherPURE: 274531743
dc.identifier.otherPURE UUID: a1d4252a-9451-4ea3-addc-142228d173f4
dc.identifier.otherORCID: /0000-0001-5690-2140/work/95418590
dc.identifier.otherScopus: 85107492726
dc.description.abstractWe analyze how the choice of firm ownership structure mitigates the effect of high dependence on a corrupt host government when investing abroad. We draw on a unique dataset of subsidiary-level engagement in corruption of 175 foreign subsidiaries entering three Central American countries. We found that there are two mechanisms to mitigate corrupt behavior when a subsidiary is dependent on a corrupt host government: internal legitimacy that accrues to wholly-owned subsidiaries, and external legitimacy built through a strong regional presence. The effect of dependency on a corrupt host government can be mitigated by enacting internal and external legitimacies.
dc.relation.ispartofLatin American Business Reviewen
dc.rightsCopyright © 2021 Taylor & Francis Group, LLC. This work has been made available online in accordance with publisher policies or with permission. Permission for further reuse of this content should be sought from the publisher or the rights holder. This is the author created accepted manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at
dc.subjectSubsidiary-level corruptionen
dc.subjectOwnership structureen
dc.subjectResource dependenceen
dc.subjectCentral Americaen
dc.subjectHD28 Management. Industrial Managementen
dc.subjectSDG 16 - Peace, Justice and Strong Institutionsen
dc.titleFamiliarity does not breed contempt : curbing subsidiary corruption through a legitimacy-enhanced ownership structureen
dc.typeJournal articleen
dc.contributor.institutionUniversity of St Andrews. School of Managementen
dc.description.statusPeer revieweden

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