Vliv korupčního prostředí na efektivitu firem v nových zemích Evropské unie

Corruption and Firm Efficiency in New EU Countries

Jan Hanousek, Anastasiya Shamshur and Jiří Trešl

Politická ekonomie, 2016, vol. 2016, issue 8, 905-921

Abstract: We study the effects of corruption on firm efficiency using a unique comprehensive dataset of private firms from 10 Central and Eastern European countries for the period from 2002 to 2013. We find that an environment characterized by a high level of corruption has an adverse effect on firm efficiency. This effect is amplified for firms with a lower propensity to behave corruptly, i.e. foreign-controlled firms, while domestically-owned firms are not penalized. At the same time, an environment characterized by considerable heterogeneity in perception of corruption is associated with an increase in firm efficiency.

Keywords: efficiency; corruption; ownership structure; firms; panel data; stochastic frontier; Europe (search for similar items in EconPapers)
JEL-codes: C14 C58 F37 G15 G17 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.18267/j.polek.1117

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