Authors:
Kuei-Yuan Wang

Search for other papers by Kuei-Yuan Wang in
Current site
Google Scholar
PubMed
Close
and
Sheng-Min Tu Asia University Department of Finance 500, Lioufeng Rd. Wufeng, Taichung 41354 Taiwan, R.O.C.

Search for other papers by Sheng-Min Tu in
Current site
Google Scholar
PubMed
Close
Restricted access

Corruption is a critical social and ethical problem that can impede the economic growth of a country or even ruin a country. In addition, the importance of the sovereign rating of a country cannot be underestimated. A change in the sovereign rating of a country can affect its borrowing capacity. Using members of the United Nations from 1995 to 2012 as the research sample, this study investigated the influence of national leader change on corruption and sovereign rating by analyzing one year after the change in national leadership. The results showed that national leader change exerted a significant, positive effect on the degree of corruption and the sovereign rating one year after the change in national leadership. By including national characteristics, this study found that for countries that have adopted the semipresidential system, national leader change had a significant, negative effect on the degree of corruption and the sovereign rating. For extreme human development countries, national leader change had a significant, negative effect on the degree of corruption but did not significantly affect the sovereign rating. The results of this study can serve as a reference for investors engaged in international investment decision-making.

  • Afonso, A. - Gomes, P. - Rother, P. (2011): Short and Long-Run Determinants of Sovereign Debt Credit Ratings. International Journal of Finance and Economics, 16(1): 1–15.

    Rother P. , 'Short and Long-Run Determinants of Sovereign Debt Credit Ratings ' (2011 ) 16 International Journal of Finance and Economics : 1 -15 .

    • Search Google Scholar
  • Ahmad, N. - Brookins, O.T. (2007): The Impact of Corruption on Efficiency in Developing Economies. International Journal of Economic Perspective, 1(2): 64–73.

    Brookins O.T. , 'The Impact of Corruption on Efficiency in Developing Economies ' (2007 ) 1 International Journal of Economic Perspective : 64 -73 .

    • Search Google Scholar
  • Akça, H. - Ata, A.Y. - Karaca, C. (2012): Inflation and Corruption Relationship: Evidence from Panel Data in Developed and Developing Countries. International Journal of Economics and Financial Issues, 2(3): 281–295.

    Karaca C. , 'Inflation and Corruption Relationship: Evidence from Panel Data in Developed and Developing Countries ' (2012 ) 2 International Journal of Economics and Financial Issues : 281 -295 .

    • Search Google Scholar
  • Ata, A.Y. - Arvas, M.A. (2011): Determinants of Economic Corruption: A Cross-Country Data Analysis. International Journal of Business and Social Science, 2(13): 161–169.

    Arvas M.A. , 'Determinants of Economic Corruption: A Cross-Country Data Analysis ' (2011 ) 2 International Journal of Business and Social Science : 161 -169 .

    • Search Google Scholar
  • Bayar, G. (2011): Causes of Corruption: Dynamic Panel Data Analysis of Some Post Soviet Countries and East Asian Countries. The Journal of Applied Business Research, 27(1): 77–86.

    Bayar G. , 'Causes of Corruption: Dynamic Panel Data Analysis of Some Post Soviet Countries and East Asian Countries ' (2011 ) 27 The Journal of Applied Business Research : 77 -86 .

    • Search Google Scholar
  • Bissoondoyal-Bheenick, E. (2005): An Analysis of the Determinants of Sovereign Ratings. Global Finance Journal, 15(3): 251–280.

    Bissoondoyal-Bheenick E. , 'An Analysis of the Determinants of Sovereign Ratings ' (2005 ) 15 Global Finance Journal : 251 -280 .

    • Search Google Scholar
  • Brooks, R. - Faff, R.W. - Hillier, D. - Hillier, J. (2004): The National Market Impact of Sovereign Rating Changes. Journal of Banking and Finance, 28(1): 233–250.

    Hillier J. , 'The National Market Impact of Sovereign Rating Changes ' (2004 ) 28 Journal of Banking and Finance : 233 -250 .

    • Search Google Scholar
  • Cantor, R. - Packer, F. (1996): Determinants and Impact of Sovereign Credit Ratings. The Journal of Fixed Income, 6(3): 76–91.

    Packer F. , 'Determinants and Impact of Sovereign Credit Ratings ' (1996 ) 6 The Journal of Fixed Income : 76 -91 .

    • Search Google Scholar
  • Chen, K. - Cheng, C. - Yang, S. (2011): Are China’s Sovereign Credit Ratings Underestimated? Journal of Economic Policy Reform, 14(4): 313–320.

    Yang S. , 'Are China’s Sovereign Credit Ratings Underestimated? ' (2011 ) 14 Journal of Economic Policy Reform : 313 -320 .

    • Search Google Scholar
  • Cheung, S.N. (1996): A Simplistic General Equilibrium Theory of Corruption. Contemporary Economic Policy, 14(3): 1–5.

    Cheung S.N. , 'A Simplistic General Equilibrium Theory of Corruption ' (1996 ) 14 Contemporary Economic Policy : 1 -5 .

    • Search Google Scholar
  • Collins, J.D. - Uhlenbruck, K. - Rodriguez, P. (2009): Why Firms Engage in Corruption: A Top Management Perspective. Journal of Business Ethics, 87(1): 89–108.

    Rodriguez P. , 'Why Firms Engage in Corruption: A Top Management Perspective ' (2009 ) 87 Journal of Business Ethics : 89 -108 .

    • Search Google Scholar
  • Connolly, M. (2007): Measuring the Effect of Corruption on Sovereign Bond Ratings. Journal of Economic Policy Reform, 10(4): 309–323.

    Connolly M. , 'Measuring the Effect of Corruption on Sovereign Bond Ratings ' (2007 ) 10 Journal of Economic Policy Reform : 309 -323 .

    • Search Google Scholar
  • Cuervo-Cazurra, A. (2006): Who Cares about Corruption? Journal of International Business Studies, 37(6): 807–822.

    Cuervo-Cazurra A. , 'Who Cares about Corruption? ' (2006 ) 37 Journal of International Business Studies : 807 -822 .

    • Search Google Scholar
  • De Maria, W. (2010): The Failure of the African Anti-Corruption Effort: Lessons for Managers. International Journal of Management, 27(1): 117–122.

    De Maria W. , 'The Failure of the African Anti-Corruption Effort: Lessons for Managers ' (2010 ) 27 International Journal of Management : 117 -122 .

    • Search Google Scholar
  • Gültekin-Karakaó, D. - Hisarcéklélar, M. - Öztürk, H. (2011): Sovereign Risk Ratings: Biased toward Developed Countries? Emerging Markets Finance and Trade, 47: 69–87.

    Öztürk H. , 'Sovereign Risk Ratings: Biased toward Developed Countries? ' (2011 ) 47 Emerging Markets Finance and Trade : 69 -87 .

    • Search Google Scholar
  • Hao, P.C. (2013): The Evolution of Semi-Presidentialism: Presidentialization and Cabinet Instability. Wenti Yu Yanjiu, 52(1): 101–141.

    Hao P.C. , 'The Evolution of Semi-Presidentialism: Presidentialization and Cabinet Instability ' (2013 ) 52 Wenti Yu Yanjiu : 101 -141 .

    • Search Google Scholar
  • Kaminsky, G. - Schmukler, S. (2003): Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization. National Bureau of Economic Research.

    Schmukler S. , '', in Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization , (2003 ) -.

  • Kimuyu, P. (2007): Corruption, Firm Growth and Export Propensity in Kenya. International Journal of Social Economics, 34(3): 197–217.

    Kimuyu P. , 'Corruption, Firm Growth and Export Propensity in Kenya ' (2007 ) 34 International Journal of Social Economics : 197 -217 .

    • Search Google Scholar
  • Lin, Y.Z. (2002): The Highest Administrative Authority of Our Country: Theory and Application. Unpublished Master Dissertation, National Chengchi University, Sun Yat-sen Graduate Institute of Humanities and Social Sciences.

    Lin Y.Z. , '', in The Highest Administrative Authority of Our Country: Theory and Application , (2002 ) -.

  • Lin, S.H. - Huang, Y.C. - Lin, J.J. (2009): Exploring the College Students’ Ideal President — Using Seven University in Taichung District as an Example. Journal of National Taichung University of Education, 23(1): 129–149.

    Lin J.J. , 'Exploring the College Students’ Ideal President — Using Seven University in Taichung District as an Example ' (2009 ) 23 Journal of National Taichung University of Education : 129 -149 .

    • Search Google Scholar
  • Lo, C.J. - Chung, K.Y. (1991): A New Political System: Semi-Presidential System Government. The Constitutional Review, 17(2): 66–79.

    Chung K.Y. , 'A New Political System: Semi-Presidential System Government ' (1991 ) 17 The Constitutional Review : 66 -79 .

    • Search Google Scholar
  • Lyengar, S. (2012): The Credit Rating Agencies — Are They Reliable? A Study of Sovereign Ratings. Journal for Decision Makers, 37(1): 69–82.

    Lyengar S. , 'The Credit Rating Agencies — Are They Reliable? A Study of Sovereign Ratings ' (2012 ) 37 Journal for Decision Makers : 69 -82 .

    • Search Google Scholar
  • Mathur, A. - Singh, K. (2013): Foreign Direct Investment, Corruption and Democracy. Applied Economics, 45(8): 991–1002.

    Singh K. , 'Foreign Direct Investment, Corruption and Democracy ' (2013 ) 45 Applied Economics : 991 -1002 .

    • Search Google Scholar
  • Mauro, P. (1995): Corruption and Growth. Quarterly Journal of Economics, 110(3): 681–712.

    Mauro P. , 'Corruption and Growth ' (1995 ) 110 Quarterly Journal of Economics : 681 -712 .

    • Search Google Scholar
  • Mellios, C. - Paget-Blanc, E. (2006): Which Factors Determine Sovereign Credit Ratings. European Journal of Finance, 12(4): 361–377.

    Paget-Blanc E. , 'Which Factors Determine Sovereign Credit Ratings ' (2006 ) 12 European Journal of Finance : 361 -377 .

    • Search Google Scholar
  • Pope, J. (2000): Confronting Corruption: The Elements of a National Integrity System. Transparency International.

    Pope J. , '', in Confronting Corruption: The Elements of a National Integrity System , (2000 ) -.

  • Przeworski, A. (1991): Democracy and the Market: Political and Economic Reforms in Eastern Europe and Latin America. Cambridge University Press.

    Przeworski A. , '', in Democracy and the Market: Political and Economic Reforms in Eastern Europe and Latin America , (1991 ) -.

  • Rose-Ackerman, S. (1999): Corruption and Government: Causes, Consequences, and Reform. Cambridge University Press.

    Rose-Ackerman S. , '', in Corruption and Government: Causes, Consequences, and Reform , (1999 ) -.

  • Shera, A. (2011): Corruption and the Impact on Economic Growth. Journal of Information Technology and Economic Development, 2(1): 39–53.

    Shera A. , 'Corruption and the Impact on Economic Growth ' (2011 ) 2 Journal of Information Technology and Economic Development : 39 -53 .

    • Search Google Scholar
  • Shleifer, A. - Vishny, R.W. (1993): Corruption. The Quarterly Journal of Economics, 108(3): 599–617.

    Vishny R.W. , 'Corruption ' (1993 ) 108 The Quarterly Journal of Economics : 599 -617 .

    • Search Google Scholar
  • Yu, C.L. - Chen, D.Y. - Huang, T.Y. (2003): Non-Government Organization and Anti-Corruption Movement: An Introduction of Transparency International and Transparency International Chinese Taipei. National Policy Forum, Summer: 39–62.

    Huang T.Y. , '', in National Policy Forum , (2003 ) -.

  • Collapse
  • Expand
The author instructions are available in PDF.
Please, download the file from HERE.

 

The description of the refereeing procedure is available in PDF.
Please, download the file from HERE.

 

Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Beáta Farkas / Faculty of Economics and Business Administration, University of Szeged
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

Advisory Board

  • Ǻslund, Anders, Institute of International Economics, Washington (USA)
  • Kolodko, Grzegorz, Kozminski University, Warsaw (Poland)
  • Mau, Vladimir, Academy of National Economy (Russia)
  • Messerlin, Patrick A, Groupe d’Economie Mondiale (France)
  • Saul Estrin, London School of Economics (UK)
  • Wagener, Hans-Jürgen, Europa Universität Viadrina (Germany)

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: vanyai.judit@krtk.hu  

Indexing and Abstracting Services:

  • CABELLS Journalytics
  • EconLit
  • Elsevier GEO Abstracts
  • GEOBASE
  • Index Copernicus
  • International Bibliographies IBZ and IBR
  • JEL
  • Referativnyi Zhurnal
  • RePEc
  • SCOPUS
  • Social Science Citation Index

 

2023  
Web of Science  
Journal Impact Factor 0.7
Rank by Impact Factor Q3 (Economics)
Journal Citation Indicator 0.23
Scopus  
CiteScore 1.4
CiteScore rank Q3 (Economics and Econometrics)
SNIP 0.385
Scimago  
SJR index 0.218
SJR Q rank Q4

Acta Oeconomica
Publication Model Hybrid
Submission Fee none
Article Processing Charge 900 EUR/article
Printed Color Illustrations 40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription fee 2025 Online subsscription: 700 EUR / 768 USD
Print + online subscription: 820 EUR / 900 USD
Subscription Information Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title Individual articles are sold on the displayed price.

Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

Monthly Content Usage

Abstract Views Full Text Views PDF Downloads
Jan 2024 20 2 0
Feb 2024 9 1 0
Mar 2024 61 0 0
Apr 2024 34 0 0
May 2024 22 0 0
Jun 2024 21 0 0
Jul 2024 13 0 0