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European area as far as informal institutions are concerned; moreover, the analysis conducted confirms the existence of a … significant relation between the level of development and the structure of informal arrangements such as: trust level, bribe … culture and corruption control. …
Persistent link: https://www.econbiz.de/10010748091
Auxiliary institutions fail to perform the function of protecting economic agents’ trust in the liquidity of various … demonstrate a high level of trust among their participants. The durability and continuous reproduction of these monetary … question of trust arising among the parties to these financial transactions and its role in preventing opportunism and breach …
Persistent link: https://www.econbiz.de/10010860878
did not respect the importance of precisely functioning market institutions. No doubts that building institutions supports … and informal institutions were built here in the green field. After politically sensitive problems with financial crime … the building of institutions was accelerated in late 1990s. The process of re-building Czech market institutions continues …
Persistent link: https://www.econbiz.de/10004963574
affected by quality of governance - in particular by the presence of high-grade institutions delivering services enhancing …
Persistent link: https://www.econbiz.de/10004998804
Corruption has a negative impact on society and economy. The transition process in Central and Eastern Europe (CEE …) uncovered dormant possibilities for corruption and necessity for appropriate steps to be taken. We document the state of … corruption in the Czech Republic and the measures introduced to fight it. We cover sectors of society and economy according to …
Persistent link: https://www.econbiz.de/10005560992
Corruption has a negative impact on society and economy. The transition process in Central and Eastern Europe (CEE …) uncovered dormant possibilities for corruption and necessity for appropriate steps to be taken. We document the state of … corruption in the Czech Republic and the measures introduced to fight it. We cover sectors of society and economy according to …
Persistent link: https://www.econbiz.de/10005738161
Joint-stock companies are among the most fundamental components of a market economy. “Voucher privatization” in the Czech Republic saw an abrupt mushrooming of joint-stock companies where none had appeared for over a generation. This occurred in an environment lacking in guiding...
Persistent link: https://www.econbiz.de/10005698625
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10005822557
Entrepreneurship is usually indentified as an important determinant of aggregate productivity and long-term growth. The determinants of entrepreneurship, nevertheless, are not entirely understood. A recent literature has linked entrepreneurship to the development of the justice system. This...
Persistent link: https://www.econbiz.de/10009276061
Entrepreneurship is usually identified as an important determinant of aggregate productivity and long-term growth. The determinants of entrepreneurship, nevertheless, are not entirely understood. A recent literature has linked entrepreneurship to the development of the justice system. This paper...
Persistent link: https://www.econbiz.de/10009283566