We argue that institutional and regulatory environments affect MNCs’ anti-corruption performance. We employ a comprehensive measure of MNC corruption risk and find evidence for the influence of country-level institutional and regulatory effects, while firm-level financial characteristics also influence anti-corruption performance. Furthermore, the effects of institutional and regulatory environments differ between developed and developing markets. In general, our framework and results highlight the utility of strong legal and regulatory environments, particularly in developing markets, to combat MNC corruption risk.
Authors: Michael Plouffe and Juliane Markscheffel
UCL Laws ranked 3rd in the UK in The Times and The Sunday Times Good University Guide 2026
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