How corruption affects business results: The case of Croatia
The background of this paper is found in recent theories why corruption prevalence menaces the safety of business environment. In order to examine if exposure to corruption derogates business results of firms in Croatia we have tested the hypothesis that higher corruption perceptions of business lea...
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Faculty of Economics in Osijek
2005-01-01
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Online Access: | http://hrcak.srce.hr/file/294075 |
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doaj-1efdcb8f82684de388c9e5df87e7952e2020-11-24T21:40:21Zeng Faculty of Economics in OsijekEkonomski Vjesnik0353-359X1847-22062005-01-01XVIII1-2516How corruption affects business results: The case of CroatiaJelena BudakEdo RajhThe background of this paper is found in recent theories why corruption prevalence menaces the safety of business environment. In order to examine if exposure to corruption derogates business results of firms in Croatia we have tested the hypothesis that higher corruption perceptions of business leaders in small, medium and large firms in Croatia are associated with firms’ worse financial results. As a seminal research we measure corruption perceptions of business by employing unique data from three annual surveys conducted in more than one hundred firms in Croatia. The constructed index of corruption perceptions of business is used in the empirical analysis how higher corruption perceptions of firms in Croatia are affecting financial results in terms of total revenue per employee, net profit per employee and total sales per employee. The years of observation are 2002, 2003 and 2004. The extension of our research to three groups of small, medium and large firms in Croatia aims to separately examine the correlation between corruption perceptions indices and financial results for each group of firms. The preliminary results indicate that corruption is more affecting small firms in Croatia. Policy recommendations and lines of further research are discussed.http://hrcak.srce.hr/file/294075corruption perceptions of businessfinancial resultsCroatia |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Jelena Budak Edo Rajh |
spellingShingle |
Jelena Budak Edo Rajh How corruption affects business results: The case of Croatia Ekonomski Vjesnik corruption perceptions of business financial results Croatia |
author_facet |
Jelena Budak Edo Rajh |
author_sort |
Jelena Budak |
title |
How corruption affects business results: The case of Croatia |
title_short |
How corruption affects business results: The case of Croatia |
title_full |
How corruption affects business results: The case of Croatia |
title_fullStr |
How corruption affects business results: The case of Croatia |
title_full_unstemmed |
How corruption affects business results: The case of Croatia |
title_sort |
how corruption affects business results: the case of croatia |
publisher |
Faculty of Economics in Osijek |
series |
Ekonomski Vjesnik |
issn |
0353-359X 1847-2206 |
publishDate |
2005-01-01 |
description |
The background of this paper is found in recent theories why corruption prevalence menaces the safety of business environment. In order to examine if exposure to corruption derogates business results of firms in Croatia we have tested the hypothesis that higher corruption perceptions of business leaders in small, medium and large firms in Croatia are associated with firms’ worse financial results. As a seminal research we measure corruption perceptions of business by employing
unique data from three annual surveys conducted in more than one hundred firms in Croatia. The constructed index of corruption perceptions of business is used in the empirical analysis how higher corruption perceptions of firms in Croatia are affecting financial results in terms of total revenue per employee, net profit per employee and total sales per employee. The years of observation are 2002, 2003
and 2004. The extension of our research to three groups of small, medium and large firms in Croatia aims to separately examine the correlation between corruption perceptions indices and financial results
for each group of firms. The preliminary results indicate that corruption is more affecting small firms in Croatia. Policy recommendations
and lines of further research are discussed. |
topic |
corruption perceptions of business financial results Croatia |
url |
http://hrcak.srce.hr/file/294075 |
work_keys_str_mv |
AT jelenabudak howcorruptionaffectsbusinessresultsthecaseofcroatia AT edorajh howcorruptionaffectsbusinessresultsthecaseofcroatia |
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