Data and code for: "The economic effects of mafia: firm level evidence
Principal Investigator(s): View help for Principal Investigator(s) Litterio Mirenda, Bank of Italy; Sauro Mocetti, Bank of Italy; Lucia Rizzica, Bank of Italy
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| data | 01/23/2022 04:31:AM | ||
| do | 03/07/2022 09:44:AM | ||
| output | 01/23/2022 04:31:AM | ||
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application/pdf | 411.4 KB | 05/13/2022 01:14:AM |
Project Citation:
Mirenda, Litterio, Mocetti, Sauro, and Rizzica, Lucia. Data and code for: "The economic effects of mafia: firm level evidence. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-07-22. https://doi.org/10.3886/E160421V1
Project Description
Summary:
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We analyze the effects of mafia infiltration in the legal economy. Combining information from investigative records with panel data on firms' governance and balance sheets, we build an indicator of infiltration in firms located in an area with no tradition of mafia. We show that mafia targets young and less efficient firms and that infiltration generates a significant rise in firms' revenues, with no proportionate growth in production inputs and a deterioration of the firm's financial situation leading to market exit. These findings are consistent with a story of predatory behavior in which infiltration is used for money laundering or rent extraction.
We analyze the effects of mafia infiltration in the legal economy. Combining information from investigative records with panel data on firms' governance and balance sheets, we build an indicator of infiltration in firms located in an area with no tradition of mafia. We show that mafia targets young and less efficient firms and that infiltration generates a significant rise in firms' revenues, with no proportionate growth in production inputs and a deterioration of the firm's financial situation leading to market exit. These findings are consistent with a story of predatory behavior in which infiltration is used for money laundering or rent extraction.
Scope of Project
Subject Terms:
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organized crime;
firm performance
JEL Classification:
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D02 Institutions: Design, Formation, Operations, and Impact
K42 Illegal Behavior and the Enforcement of Law
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
D02 Institutions: Design, Formation, Operations, and Impact
K42 Illegal Behavior and the Enforcement of Law
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
Geographic Coverage:
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Italy
Time Period(s):
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2006 – 2016
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