This study examines the impact of anti-corruption law on new firm creations. We use anti-corruption laws established by Russian regional governments in different years from 2006 to 2014 as a natural experiment. Using a fixed effects methodology we test the effect of the law on all firm creations, firm creations by gender of a founder, and innovative firm (were awarded at least one patent) creations in regions of Russia. We observe 52 Russian regions monthly for two years before and two years after establishment of the law.
We find that the total number of firm creations and firms with male founders are positively affected by anti-corruption law. Moreover, results show that creations of firms founded by female were not affected by the law. This is consistent with the view that females are less engaged in corruption and, therefore, corruption levels do not affect their business. Additionally, the number of innovative firm creations during two years before and two years after establishment of the law had not experienced a significant change.
이 연구는 부패 방지법이 기업 창설에 미치는 영향을 조사한다. 우리는 기업설립의 전체 숫자와 남성 창업자에 의해 설립된 기업이 부패 방지법에 긍정적인 영향을 받는다는 것을 발견했다. 게다가, 여성 창업자에 의해 설립된 기업은 법의 영향을 받지 않았다는 것을 보여준다. 이것은 여성이 부패에 덜 관여하고 있기 때문에 부패 수준이 그들의 사업에 영향을 미치지 않는다는 견해와 일치한다. 또한, 부패 방지법이 제정되기 전후 2년 동안의 혁신적인 기업 창작물의 수는 명확한 변화를 보이지 않았다.
