Bribery environments and firm performance: evidence from CEE countries

0459212 - NHÚ 2017 RIV NL eng J - Journal Article
Hanousek, Jan - Kochanova, A.
Bribery environments and firm performance: evidence from CEE countries.
European Journal of Political Economy. Roč. 43, June (2016), s. 14-28. ISSN 0176-2680. E-ISSN 1873-5703
R&D Projects: GA ČR(CZ) GA14-31783S
Institutional support: RVO:67985998
Keywords : bureaucratic corruption * firm performance * CEE countries
Subject RIV: AH - Economics
Impact factor: 1.098, year: 2016

We examine the relation between bureaucratic corruption and firm performance in CEE countries. We show that divergent consequences of corruption found in previous studies can be explained by the specifics of the local bribery environment in which firms operate. A higher mean bribery is associated with lower firm performance, while higher dispersion of individual firm bribes appears to facilitate it. We also conduct a detailed analysis by firm sector and size, and countries' institutional environments.
Permanent Link: http://hdl.handle.net/11104/0259443