Corruption and firm performance: Evidence from Greek firms.

Journal article


Athanasouli, Daphne, Goujard, Antoine and Sklias, Pantelis 2012. Corruption and firm performance: Evidence from Greek firms. International Journal of Economic Sciences and Applied Research.
AuthorsAthanasouli, Daphne, Goujard, Antoine and Sklias, Pantelis
Abstract

This 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.

KeywordsCorruption; Business growth; Greece
Year2012
JournalInternational Journal of Economic Sciences and Applied Research
PublisherKavala Institute of Technology
ISSN17913373
Web address (URL)http://hdl.handle.net/10545/622376
hdl:10545/622376
Publication dates2012
Publication process dates
Deposited19 Mar 2018, 11:53
ContributorsUniversity of Peloponnese
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Corruption and management practices: Firm level evidence.
Athanasouli, Daphne and Goujard, Antoine 2015. Corruption and management practices: Firm level evidence. Journal of Comparative Economics. https://doi.org/10.1016/j.jce.2015.03.002
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