Perceptions of Corruption and Informality Among Businesspeople

Frey Barbara (), Bruno Škrinjarić () and Budak Jelena ()
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Frey Barbara: PhD student, Faculty of Business, Economics and Management, Information Systems, University of Regensburg, Universitätsstraße 31, 93053 Regensburg, Germany
Budak Jelena: PhD, Senior research fellow in permanent position, Institute of Economics, Zagreb, Croatia

South East European Journal of Economics and Business, 2022, vol. 17, issue 2, 49-66

Abstract: This research assesses perception of corruption in business-to-business and business-to-government interactions by using empirical evidence from Serbia. Based on the survey data, it captures the perceptions of corruption of business owners and managers of small and medium enterprises (SMEs) and examines their attitudes towards informal, licit, or illicit, business practices. The typology of SMEs according to their opinion on corruption- and institutional-related obstacles resulted in three different clusters, based on several variables. Moreover, empirical findings show that business is not much hindered by regulations but with a common lack of trust in institutions, crime, and perceived corruption. SMEs are perceived as particularly affected by a negative corrupt environment where large companies are seen as the source of corruption. The findings allow for the creation of lawful and incorruptible business policies, as well as ideas on preventing the common practice of illicit trading with job positions in the public sector.

Keywords: corruption; informality; SMEs; B2B; B2G; cluster analysis; Serbia (search for similar items in EconPapers)
JEL-codes: D22 D73 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vrs:seejeb:v:17:y:2022:i:2:p:49-66:n:13

DOI: 10.2478/jeb-2022-0014

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