000			01207nam a22001577a 4500
999			_c521006 _d521006
008			221207b ||||| |||| 00| 0 eng d
100			_aMirenda, L., Mocetti, S. and Rizzica, L. _935792
245			_aThe economic effects of mafia: Firm level evidence
260			_aThe American Economic Review
300			_a112(8), Aug, 2022: p.2748-2773
520			_aWe 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. – Reproduced
650			_aMafia, Legal economy, Money laundering, Rent extraction _935793
773			_aThe American Economic Review
906			_aMONEY LOUNDERING
942			_cAR