Plain brown envelopes
Posted on July 14, 2011
New research by Professor Raghavendra Rau, Sir Evelyn de Rothschild Professor of Finance, finds that firms bribing their way to contracts under-perform for up to three years before and after securing the work for which the bribe was paid.
http://www.jbs.cam.ac.uk/interactive/expert_comment/2011/rau_plain.html