Original title: Bribery environment and firm performance: evidence from Central and Eastern European countries
Authors: Hanousek, Jan ; Kochanova, A.
Document type: Research reports
Year: 2014
Language: eng
Series: CERGE-EI discussion paper series, volume: 2014 - 228
Abstract: We examine the relation between bureaucratic corruption and firm performance in CEE countries. While previous research uses data from BEEPS, which suffers from excessive non-reporting of corporate performance, we combine reliable firm financials from the Amadeus database with information on bribery practices from BEEPS. We show that differing consequences of corruption found in previous studies could be explained by the corruption environment in which a firm operates. Basically, higher mean corruption is associated with lower performance, while higher dispersion appears to facilitate firm performance. A detailed analysis is conducted by firm sector and size, and countries’ institutional environments.
Keywords: bureaucratic corruption; firm bribing behavior; firm performance
Project no.: GA14-31783S (CEP)
Funding provider: GA ČR

Institution: Economics Institute AS ČR (web)
Document availability information: Fulltext is available at the institute of the Academy of Sciences.
Original record: http://hdl.handle.net/11104/0244256

Permalink: http://www.nusl.cz/ntk/nusl-180661


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