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The purpose of this paper is to investigate the effect of corruption control on capital flight in the least corrupt African countries.

Using panel data covering the period of 1996-2010.

The results show that the extent of corruption, the total natural resources rent are statistically significant and affect positively the capital across the pooled, random and fixed effects. Inflation and economic growth are also found to have a negative impact on capital flight. Moreover, the exchange rate has a negative and significant effect on capital flight.

The findings of this study suggest that the extent of corruption control by responsible institutions can be considered as one of the most effective weapons in the fight against capital flight in the least corrupt African countries.

The paper recommends to the government of the least corrupt countries in Africa to create an enabling political and economic environment for investor’s attractiveness. This, in turn, will reduce the occurrence of capital flight and lead to the sustainable development.

The findings of this study suggest that the extent of corruption control by responsible institutions can be considered as one of the most effective weapons in the fight against capital flight in the least corrupt African countries. The paper recommends to the government of the least corrupt countries in Africa to create an enabling political and economic environment for investor’s attractiveness. This, in turn, will reduce the occurrence of capital flight and lead to the sustainable development.

The purpose of this paper is to assess the association between country-level corporate governance and earnings management (EM). It aims to investigate whether the Governance Metrics International (GMI; acquired by Morgan Stanley Capital International in 2014) rating for national corporate governance on a country level is a significant explanatory variable for the country-level EM score or otherwise.

In a sample of 280 country-year observations during the period from 2000 to 2009, the paper measures national corporate governance quality using GMI ratings scores and whether the corporate governance model is Anglo Saxon or otherwise.

The findings of this study show that corporate governance is a significant indicator of lower EM levels in a country.

Corporate governance rating firms play a vital role in public markets. GMI provides country-level corporate governance ratings to assess the quality of corporate governance in several countries. The findings of this study show preliminary evidence that GMI ratings of corporate governance provide good guidance to investors on the quality of corporate governance in a country.

This paper is the first empirical attempt to examine the association between country-level corporate governance, GMI ratings for country-level corporate governance and EM.

Africa's population is the second largest and fastest growing in the world after Asia, and this puts African governments under great stress in terms of increased public expenditure and is faced with a low revenue generation. Hence, the need for this study. The purpose of this paper is to examine the socio-economic determinants of public expenditure in Africa by assessing the influence of population age structure using a sample of the top ten most populous countries in Africa covering period of 1989 to 2018.

The study employed panel fully modified ordinary least square (OLS) in estimating the relevant relationship between the variables in the model. The dynamic ordinary least square (DOLS) model was also used to check the robustness of the fully modified ordinary least square (FMOLS) results.

The findings revealed that the major population age structure that influences the growth of public expenditure in Africa are population ages (0–14) and population ages (15–64), but the former poses a stronger significant influence than the latter while population ages (65 and above) has a negative and insignificant influence. Also, in terms of other socio-economic factors, self-employment has a reducing and significant influence on public expenditure. GDP per capita has a negative and insignificant influence while foreign aid and unemployment rate has an increasing influence. Finally, inflation rate and control of corruption (CC) has a negative relationship with public expenditure.

The study argues that an increase in the young and working population will put enormous pressure on the government in the provision of more jobs and other public infrastructures such as health care and education. In the context of African economy with a low revenue generation, public expenditure will be low and the desperately poor masses will be denied of these public infrastructures.

Several studies (Jibir and Aluthge, 2019; Tayeh and Mustafa, 2011; Okafor and Eiya, 2011; Obeng and Sakyi, 2017; Ofori-Abebrese, 2012) have investigated the determinants of public expenditure using total population as a variable. However, this study is unique as it focused on the influence of population age structure on public expenditure in Africa. Also, the study incorporated other socio-economic determinants of public expenditure such as self-employment, standard of living, inflation rate, unemployment rate, foreign aid and corruption in its analytical model. To the best of our knowledge, some of these variables have not been employed in previous studies.

The purpose of this paper is to examine the linkage between environmental challenges, multinational corporations (MNCs) activities, trade and energy in Africa; and further elaborate on the role of institutions, as an intervening variable.

In this study, the authors extended the Environmental Kuznets Curve (EKC) model by including indicators of the presence of MNCs, trade and energy in the basic EKC model that has measures of environmental pollution (CO₂), economic growth (gross domestic product per capita) and its squared value. The role of institutions was also considered and included as an inter-mediating variable. This model was tested on a sample of 27 African countries, for the period 1996-2010. The systems GMM was applied for the empirical analysis. This approach was aimed at circumventing the possibility of reverse causality and endogenous explanatory variables-such as institutions.

Trade and MNCs’ activities may not have much contemporaneous impact on the environment. However, their lagged values have adverse and significant influence on the current values of environmental challenge. This implies that environmental policies regarding trade and MNCs require time response lag. Energy was significant only at contemporaneous value but not at its lagged value. Institutional development helps to suppress the negative excesses (like pollution) from the activities of trade, MNCs and energy, and consequently reduce environmental pollution.

This paper included the role of institutions in the environmental pollution, trade, MNCs and energy debate. Empirical studies in this regard have inadvertently excluded this variable, but have, at best, included it as part of policy recommendations.

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

Denmark’s apparent success at controlling corruption is likely both real and more complex than it may appear. This chapter reviews a series of hypotheses about the extent and sources of corruption control in Denmark, emphasizing both domestic and international factors. Some possible vulnerabilities are discussed, including whether Greenland – which is usually excluded from Danish governance ratings – might introduce corruption via its mining industries, and whether the growing wind-power industry (in some senses, another extractive enterprise) might also encourage corruption. A simple data analysis, using the Gothenburg University Quality of Government Impartiality Index, suggests that small social scale, a homogeneous population, competitive politics, and extensive international connectedness might well help check Danish corruption, but relationships among the variables are complex and marked by considerable simultaneity. Denmark illustrates two subtleties often overlooked: the importance of “soft controls” – social values, a working consensus, an emphasis on fairness, and common goals – for corruption control, and the question of whether advanced market societies really control corruption or merely reduce incentives to engage in it, as a result of business-friendly policies and institutions. A final issue involves dependent variables: better indirect measures of corruption might well be obtained by gathering and benchmarking indicators of government performance.

The purpose of this paper is to discuss the extent and impact of corruption on public trust and on the stability of the Colombian police. The effectiveness of public controls, civilian oversight, and overseeing bodies is evaluated to determine the degree of impunity and the level of independence from other agencies of control.

The research in this study is based on data analyses of surveys, interviews, and an observational approach. This paper considers four general surveys, namely: Latinobarómetro, Iberobarómetro, Global Corruption Barometer, Corruption Perception Indexes, and World Values Survey. The observation consisted of accompanying Bogotá police department teams for two months during the evenings between 10 p.m. and 7 a.m. This study draws upon 20 interviews with police officers of all ranks. Additionally, an informal observation of police activities during the night was carried out to discover the occurrence of corruption, which was impossible to reveal by a more formal observation.

Although corruption in the Colombian police force is presumably a generalized phenomenon, it is still one of the most appreciated agencies among Colombians. However, scandals have been cleverly mitigated by rhetoric and apparent purges and the setting‐up of inoffensive mechanisms of control. Internal inspection and civilian oversight have been weakened – rendered ineffective by an increasingly powerful police leadership.

Since corruption is a concealed phenomenon, its analysis always causes problems. Police officers are reluctant to talk about the problem and there is an organizational denial of the phenomenon.

The paucity of academic research on police forces in Latin America is still apparent and the field of study lacks a real degree of specialization. Similarly, there has been no empirical examination of issues pertaining to the study of the modern Colombian force. This paper thus attempts to compensate for the lack of empirical research on the Colombian police. It contributes to the overall literature on police corruption by explaining the organizational features of bribing and police corruption on the beat.