@misc{Ceballos2020,
  type      = {Master Thesis},
  author    = {Ceballos, Juan Camilo},
  title     = {The effect of political finance on corruption risk in Colombia},
  doi       = {10.25932/publishup-48758},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-487586},
  school      = {Universit{\"a}t Potsdam},
  pages     = {viii, 95},
  year      = {2020},
  abstract  = {Conventional wisdom holds that large sums of money poured into election campaigns are the gateway to corruption. Allegations of the corrupting influence of money in politics and policy are widespread on the national level. Yet, little empirical evidence has advanced the understanding of such a link on the local level, coupled with blurred corruption measures. This master's thesis tests the effect of campaign finance on public procurement corruption risks in Colombian municipalities, focusing on donations, small donations, and financial disclosure. To that end, I seized publicly disclosed contribution-level data from the 2015 municipal elections and a novel index of institutionalized public procurement corruption risks based upon contract-level data from the near population of local governments. The analysis shows that donations are negatively associated with overall corruption risk, yet they affect specific corruption risks differently. By contrast, small donations seem to correlate positively with direct awarding for a sub-sample of medium-sized municipalities, whereas in their large-sized counterparts the effect of the former on institutionalized corruption is adverse. Finally, financial misreporting is positively linked with market competition restrictions and direct awarding. In the conclusion, I discuss the implications of these findings for future research and outline a series of policy recommendations.},
  language  = {en}
}