This paper looks at corruption as noncompliant behavior. It argues that bribery is a substitute for being connected and statistically tests various forms of this proposition in the context of Bulgaria. This approach is tested with two illegitimate goals (hiding and circumvention) of economic...

The paper considers the clusters and their important role in the knowledge-based economy; the Bulgarian clusters in the European context; the problems of the Bulgarian clusters from the point of view of the knowledge management. Conclusions are drawn on necessary improvement steps in Bulgaria in...

The various stakeholders in national innovation systems are interested in clustering for different reasons. The relationship between Bulgarian firms has been evolving through complex organizational partnerships. These partnerships seek either to increase competitiveness or avail themselves to...

This study analyses bank lending in the larger context of bank-firm relations within the Bulgarian specificity of currency board. It focuses on the ‘intersection’ of credit supply and demand on the side of banks and firms simultaneously. We suggest both traditional and new hypotheses...