The corruption is a secondary phenomenon, because there are economic preconditions causing it. Unless the achievement … ending, both of them may become the cause of corruption in the post-Communist transformation of the economy. In order to … restrict corruption and establish the institution of private property, it is necessary to legalize the existing results of …

The paper investigates how efficiency of business environment and corruption (informal payments and state capture … corruption activities at the firm-level and firm ownership. We find somehow surprising results that private firms (domestic and … foreign owned firms that are involved in informal payments are likely to benefit from these corruption practices. On the other …

the likelihood of tax bribery. Empirical models of the likelihood of tax bribes being paid by firms are estimated and …

relevant role of country-level development, institutions, and corruption. I find that out of a full set of ten different growth …, legal systems and property rights, and lower levels of corruption, firms face lower levels of financing constraints. I … provide novel empirical evidence that both firm- and country-level corruption hinder firms' access to financing …

Although economists have long studied the impact of bribery on firms' development, the debate continues as to whether … bribery ‘greases' or ‘sands' the growth of businesses. For this investigation, we acquired data from the Business Environment … bribery upon firms' development over a period of time. We found that bribing firms were more likely to bribe again three years …

micro-level decisions are related to each other. In micro empirical analysis, this interdependence of corruption decisions … can be addressed through the hierarchical modelling of corruption data. Exploiting a baseline sample of 34,358 bribe … contribution of five major determinants of corruption emphasized by the literature: the economic and human development levels, the …

Recent studies have highlighted the adverse impact of corruption on economic performance. This paper advances the … hypothesis that corruption is largely a symptom of underlying weaknesses in public policies and institutions, a formulation that … provides deeper insights into economic performance than do measures of perceived corruption. The hypothesis is tested by …