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

Jan Hanousek and Anna Kochanova

No 10499, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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.

Keywords: Bureaucratic corruption; Cee countries; Firm bribing behavior; Firm performance (search for similar items in EconPapers)
JEL-codes: D22 D73 O12 P37 (search for similar items in EconPapers)
Date: 2015-03
New Economics Papers: this item is included in nep-bec, nep-eur and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://cepr.org/publications/DP10499 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

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:cpr:ceprdp:10499

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP10499

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().