CEU Electronic Theses and Dissertations, 2020
| Author | Khokhlov, Nikita |
|---|---|
| Title | Perceptions Of Corruption And Firm Performance In Post-Communist Countries: Institutional Perspective |
| Summary | The thesis investigates the relationship between firm-level perceived corruption, country-level quality of institutional environment, and performance of enterprises in post-communist countries by using the fifth wave of the Business Environment and Enterprise Performance Survey (2012-2014). The theory suggests that corruption can either restrain the firm performance via misallocation of resources and entrepreneurial talent or accelerates it by circumventing the bureaucratic barriers and providing "speed money." The thesis demonstrates that the effect of corruption on micro-economic outcomes at the level of individual enterprises is conditional on the degree to which the rule of law, government effectiveness, and the regulatory quality are strict in the country. The empirical analysis of instrumental variable regression models with the country and economic sector fixed effects shows the positive relationship between perceptions of corruption and labor productivity growth that is statistically mitigated by the quality of the institutional environment. However, a robustness check demonstrates the positive association between perceived corruption and employment growth and a negative association between perceived corruption and sales growth. It means that the results are sensitive to the choice of proxy of firm performance. The study contributes to the literature by revealing that country-level institutional quality statistically matters for the firm-level link between perceptions of corruption and performance of enterprises in post-communist countries. |
| Supervisor | Duman, Anil |
| Department | Political Science MA |
| Full text | https://www.etd.ceu.edu/2020/khokhlov_nikita.pdf |
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