Bribery environments and firm performance: Evidence from CEE countries

Hanousek, Jan and Kochanova, Anna ORCID: https://orcid.org/0000-0003-3531-7561 2016. Bribery environments and firm performance: Evidence from CEE countries. European Journal of Political Economy 43 , pp. 14-28. 10.1016/j.ejpoleco.2016.02.002

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Abstract

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.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Elsevier
ISSN:	0176-2680
Date of First Compliant Deposit:	22 November 2017
Date of Acceptance:	12 February 2016
Last Modified:	03 Dec 2024 09:45
URI:	https://orca.cardiff.ac.uk/id/eprint/106920

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