The nature of corruption affecting entrepreneurship in transition economies: Some lessons from Montenegro

Williams Nick (), Radevic Dragana (), Gherhes Cristian () and Vorley Tim ()
Additional contact information
Williams Nick: Associate Professor in Enterprise, Centre for Enterprise and Entrepreneurship, Studies, Business School, The University of Leeds
Radevic Dragana: Associate Professor in Institute for Entrepreneurship and Economic Development, University of Donja Gorica, Montenegro
Gherhes Cristian: Centre for Regional Economic and Enterprise Development, Management School, The University of Sheffield
Vorley Tim: Professor of Entrepreneurship, Centre for Regional Economic and Enterprise Development, Management School, The University of Sheffield

South East European Journal of Economics and Business, 2017, vol. 12, issue 2, 20-34

Abstract: The aim of this paper is to examine how the institutional environment impacts the nature of corruption affecting entrepreneurship in transition economies. Drawing on a survey and in-depth interviews with entrepreneurs in Montenegro, the paper finds that corruption is a pervasive presence which has not been ameliorated despite economic reforms. Montenegro is a transition economy which has made significant strides in terms of creating a more open market economy. However, reforms have often overlooked corruption which remains prevalent, and the institutional environment has left space for officials and entrepreneurs to engage in corrupt practices. The paper shows that although it takes different forms, corruption can be viewed as a cultural impediment even if the majority of entrepreneurs are not exposed to it.

Keywords: Corruption; Entrepreneurship; Institutions; Transition economies (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/jeb-2017-0014 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:seejeb:v:12:y:2017:i:2:p:20-34:n:2

DOI: 10.1515/jeb-2017-0014

Access Statistics for this article

South East European Journal of Economics and Business is currently edited by Adnan Efendic, Vesna Babić-Hodović and Aziz Šunje

More articles in South East European Journal of Economics and Business from Sciendo
Bibliographic data for series maintained by Peter Golla ().