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dc.contributor.authorAthanasouli, Daphne
dc.contributor.authorGoujard, Antoine
dc.contributor.authorSklias, Pantelis
dc.date.accessioned2018-03-19T11:53:49Z
dc.date.available2018-03-19T11:53:49Z
dc.date.issued2012
dc.identifier.citationAthanasouli, Daphne; Goujard, Antoine; Sklias, Pantelis (2012) : Corruption and firm performance: Evidence from Greek firms, International Journal of Economic Sciences and Applied Research, ISSN 1791-3373, Vol. 5, Iss. 2, pp. 43-67en
dc.identifier.issn17913373
dc.identifier.urihttp://hdl.handle.net/10545/622376
dc.description.abstractThis article investigates the relationship between corruption and firm performance in Greece using firm level data. Corruption is overall negatively associated with firm size and growth at the firm level. We focus on the effect of ‘administrative corruption’, whereby firms engage in corrupt practices and bribery of government officials. We contrast the firm experience of corruption and the contextual experience of corruption at the sectoral level and find that the latter, contextual corruption is more important. The contextual effect of corruption identifies the magnitude of systemic corruption in Greece, indicating the need for reforms in an institutional environment that allows corrupt practices. Furthermore, firms of different size appear differently affected by corruption. This suggests that firm engagement in corruption is heterogeneous. Using quantile regressions, small and medium firms display a higher engagement in corrupt practices. However, their performance is less correlated with corruption than that of large firms.
dc.description.sponsorshipFunding of Irakleitos, European Union and Greek National fundsen
dc.language.isoenen
dc.publisherKavala Institute of Technologyen
dc.relation.urlhttp://hdl.handle.net/10419/66641en
dc.relation.urlhttp://road.issn.org/issn/1791-3373-international-journal-of-economic-sciences-and-applied-research-#.Wq-kasPFKUken
dc.subjectCorruptionen
dc.subjectBusiness growthen
dc.subjectGreeceen
dc.titleCorruption and firm performance: Evidence from Greek firms.en
dc.typeArticleen
dc.contributor.departmentUniversity of Peloponneseen
dc.identifier.journalInternational Journal of Economic Sciences and Applied Researchen
html.description.abstractThis article investigates the relationship between corruption and firm performance in Greece using firm level data. Corruption is overall negatively associated with firm size and growth at the firm level. We focus on the effect of ‘administrative corruption’, whereby firms engage in corrupt practices and bribery of government officials. We contrast the firm experience of corruption and the contextual experience of corruption at the sectoral level and find that the latter, contextual corruption is more important. The contextual effect of corruption identifies the magnitude of systemic corruption in Greece, indicating the need for reforms in an institutional environment that allows corrupt practices. Furthermore, firms of different size appear differently affected by corruption. This suggests that firm engagement in corruption is heterogeneous. Using quantile regressions, small and medium firms display a higher engagement in corrupt practices. However, their performance is less correlated with corruption than that of large firms.


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