Original title: Firm efficiency, foreign ownership and CEO gender in corrupt environments
Authors: Hanousek, Jan ; Shamshur, Anastasiya ; Trešl, Jiří
Document type: Research reports
Year: 2017
Language: eng
Series: CERGE-EI Working Paper Series, volume: 595
Abstract: We study the effects of corruption on firm efficiency using a unique dataset of private firms from 14 Central and Eastern European countries from 2000 to 2013. We find that an environment characterized by a high level of corruption has an adverse effect on firm efficiency. This effect is stronger for firms with a lower propensity to behave corruptly, such as foreign-controlled firms and firms managed by female CEOs, while local firms and firms with male CEOs are not disadvantaged. We also find that an environment characterized by considerable heterogeneity in the perception of corruption is associated with an increase in firm efficiency. This effect is particularly strong for foreign-controlled firms from low corruption countries, while no effect is observed for firms managed by a female CEO.
Keywords: corruption; efficiency; ownership structure

Institution: Economics Institute AS ČR (web)
Document availability information: Fulltext is available at external website.
External URL: http://www.cerge-ei.cz/pdf/wp/Wp595.pdf
Original record: http://hdl.handle.net/11104/0272649

Permalink: http://www.nusl.cz/ntk/nusl-387453


The record appears in these collections:
Research > Institutes ASCR > Economics Institute
Reports > Research reports