Politická ekonomie 2016, 64(8):905-921 | DOI: 10.18267/j.polek.1117

Vliv korupčního prostředí na efektivitu firem v nových zemích Evropské unie

Jan Hanousek1,2, Anastasiya Shamshur3,1, Jiří Trešl4,1
1 CERGE-EI, společné pracoviště UK v Praze a NHÚ AV ČR, v. v. i.
2 CEPR, London
3 Norwich Business School, University of East Anglia, Norwich
4 Department of Finance and Law, Central Michigan University, Mount Pleasant

Corruption and Firm Efficiency in New EU Countries

We study the effects of corruption on firm efficiency using a unique comprehensive dataset of private firms from 10 Central and Eastern European countries for the period from 2002 to 2013. We find that an environment characterized by a high level of corruption has an adverse effect on firm efficiency. This effect is amplified for firms with a lower propensity to behave corruptly, i.e. foreign-controlled firms, while domestically-owned firms are not penalized. At the same time, an environment characterized by considerable heterogeneity in perception of corruption is associated with an increase in firm efficiency.

Keywords: efficiency, corruption, ownership structure, firms, panel data, stochastic frontier, Europe
JEL classification: C14, C58, F37, G15, G17

Published: December 1, 2016  Show citation

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Hanousek, J., Shamshur, A., & Trešl, J. (2016). Corruption and Firm Efficiency in New EU Countries. Politická ekonomie, 64(8), 905-921. doi: 10.18267/j.polek.1117
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