Please note that Internet Explorer version 8. Please refer to this blog post for more information. Studying the relation between corruption and economic factors and examining its consequences for economic development have attracted many economists and physicists in recent years. The purpose of this paper is to focus on the role of stock market development on corruption.

Corruption and stock market development: A quantitative approach

Analyzing a data set of corruption and stock market development measures such as market capitalization and total value of share trading for 46 countries around the world for the period —, we examine the dependence of the Corruption Perception Index CPI on stock market development. Our findings suggest that there exists a power-law dependence between corruption and stock market development. We also observe a negative relation between level of corruption and financial system improvement.

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Please enable JavaScript to use all the features on this page. Statistical Mechanics and its Applications Volume , Issues 23—24 , 1 November , Pages Corruption and stock market development: Author links open the author workspace. Opens the author workspace Opens the author workspace Management Faculty, Department of Financial Management, University of Tehran, Tehran, , Iran.

Corruption and Stock Market Development | Nawar Tabaa - pupuzifecose.web.fc2.com

Abstract Studying the relation between corruption and economic factors and examining its consequences for economic development have attracted many economists and physicists in recent years.

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