Corruption - A Dark Side of Entrepreneurship. Corruption and Innovations
Prague Economic Papers, 2018, vol. 2018, issue 3, 251-269
In this article, corruption is treated as an expression of human entrepreneurship, which does not fully fit in the commonly accepted moral and legal standards. Despite being negatively perceived, it is persistently present in the public, economic and political life of every country as evidenced by a number of press releases on corruption.Research literature analysis reveals the existence of two conflicting opinions with regard to the way in which corruption affects innovative activity of companies and economic growth. The more morally correct theory, which can be dubbed the sand-the-wheels theory, assumes that corruption negatively influences innovative activity and economic growth. Whereas, the grease-the-wheels theory, which is inconsistent with the principles of social responsibility of business, argues for the positive influence of corruption on innovative activity of companies and economic growth. This article is a voice in that discussion.
Keywords: corruption; entrepreneurship; the sand-the-wheels theory; the grease-the-wheels theory; innovations; economic growth (search for similar items in EconPapers)
JEL-codes: D23 D73 L26 O31 O32 O38 (search for similar items in EconPapers)
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