Citation

Discussion Paper Details

Please find the details for DP10499 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Bribery Environment and Firm Performance: Evidence from Central and Eastern European Countries

Author(s): Jan Hanousek and Anna Kochanova

Publication Date: March 2015

Keyword(s): bureaucratic corruption, CEE countries, firm bribing behavior and firm performance

Programme Area(s): Development Economics and Financial Economics

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 bribery is associated with lower performance, while higher dispersion of individual firm bribes appears to facilitate firm performance. A detailed analysis is conducted by firm sector and size, and countries? institutional environments.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10499

Bibliographic Reference

Hanousek, J and Kochanova, A. 2015. 'Bribery Environment and Firm Performance: Evidence from Central and Eastern European Countries'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10499