Rise in market value from bribes

According to a study conducted by Hong Kong Baptist University, companies around the world increased their market value by an average of $11 for every $1 that the company paid in bribes to government officials.

The study focused on 166 cases of bribery at public companies and found that the average amount of the bribe paid was $2.5 Million.

40 percent of companies participated in the study reported losing business to a competitor because of bribes being paid.

(See the different types of corruption impacting the global economy.)

Source:  Ashley Lutz, “Here’s Proof That Bribery Is An Effective Business Strategy,” Business Insider, April 18, 2012.