744
Views
28
CrossRef citations to date
0
Altmetric
Articles

The impact of corruption and ownership on the performance of firms in Central and Eastern Europe

&
Pages 133-158 | Received 28 May 2012, Accepted 09 Oct 2012, Published online: 07 May 2013

References

  • Bardhan , P. 1997 . Corruption and development: a review of issues . Journal of economic literature , 35 ( 3 ) : 1320 – 1346 .
  • De Rosa, D., Gooroochurn, N. and Gorg, H., 2010. Corruption and productivity: firm-level evidence from the BEEPS survey. World Bank policy research working paper, no. 5348
  • Dinç , S . 2005 . Politicians and banks: political influences on government-owned banks in emerging countries . Journal of financial economics , 77 : 453 – 479 .
  • Djankov , S. and Murrell , P. 2000 . Enterprise restructuring in transition: a quantitative survey, work paper, U. Maryland college park . http://www.bsos.umd.edu/econ/murrell
  • Djankov , S. and Murrell , P. 2002 . Enterprise restructuring in transition: a quantitative survey . Journal of economic literature , 40 ( 3 ) : 739 – 792 .
  • Dreher, A. and Herzfeld, T., 2005. The economic costs of corruption: a survey and new evidence. Public Economics 0506001, EconWPA
  • Estrin , S. 2009 . Effects of privatization and ownership in transition economies . Journal of economic literature , 47 ( 3 ) : 699 – 728 .
  • Fisman , R. 2001 . Estimating the value of political connections . American economic review , 91 : 1095 – 1102 .
  • Friedman , E. 2000 . Dodging the grabbing hand: the determinants of unofficial activity in 69 countries . Journal of public economics , 76 : 459 – 493 .
  • Fries, S., Lysenko, T. and Polanec, S., 2003. The 2002 business environment and enterprise performance survey: results from a survey of 6,100 firms. EBRD working paper, no. 84
  • Frye , T. and Shleifer , A. 1997 . The invisible hand and the grabbing hand . American economic review , 87 : 354 – 358 .
  • Gaviria , A. 2002 . Assessing the effects of corruption and crime on firm performance: evidence from Latin America . Emerging markets review , 3 ( 3 ) : 245 – 268 .
  • Gray , C. , Hellman , J. and Ryterman , R. 2004 . Anticorruption in transition 2: corruption in enterprise-state interactions in Europe and Central Asia, 1999–2002 , World Bank Publications .
  • Havrylyshyn , O and McGettigan , D . 2000 . Privatization in transition countries . Post-sov. affairs , 16 ( 3 ) : 257 – 286 .
  • Hellman, J., Jones, G. and Kaufmann, D., 2000. Seize the state, seize the day: state capture, corruption and influence in transition. World Bank policy research working paper, no. 2444
  • Hellman, J. et al., 2000. Measuring governance and state capture: the role of bureaucrats and firms in shaping the business environment. EBRD working paper, no. 51
  • Henderson, J. and Kuncoro, A., 2006. Corruption in Indonesia. NBER working paper, no. 10674
  • Johnson , S. and Mitton , T. 2003 . Cronyism and capital controls: evidence from Malaysia . Journal of financial economics , 67 : 351 – 382 .
  • Knack, S., 2006. Measuring corruption in Eastern Europe and Central Asia: a critique of the cross-country indicators. World Bank policy research working paper, no. 3968
  • Knack , S. and Keefer , P. 1995 . Institutions and economic performance: cross-country tests using alternative institutional measures . Economics and politics , 7 ( 3 ) : 207 – 227 .
  • Kuncoro , A. 2006 . Corruption and business uncertainty in Indonesia . ASEAN economic bulletin , 23 ( 1 ) : 11 – 30 .
  • La Porta , R. , Lopez-de-Silanes , F. and Zamarippa , G. 2003 . Related lending . Quarterly journal of economics , 119 : 231 – 268 .
  • Luez , C. and Oberholzer-Gee , F. 2006 . Political relationships, global financing and corporate transparency: evidence from Indonesia . Journal of financial economics , 81 : 411 – 439 .
  • Mauro , P. 1995 . Corruption and growth . Quarterly journal of economics , 110 ( August ) : 681 – 712 .
  • Megginson , W.L. and Netter , J.M. 2001 . From state to market: a survey of empirical studies on privatization . Journal of economic literature , 39 : 321 – 389 .
  • Méon , P.G. and Sekkat , K. 2005 . Does corruption grease or sand the wheels of growth? . Public choice journal , 122 ( 1 ) : 69 – 97 .
  • Roberts , B. 1990 . A dead Senator tells no lies: seniority and the distribution of federal benefits . American journal of political science , 34 : 31 – 58 .
  • Rodrik, D., Subramanian, A. and Trebbi, F., 2002. Institutions rule: the primacy of institutions over geography and integration in economic development. IMF working paper, no. 02/139
  • Sapienza , P. 2004 . The effects of government ownership on bank lending . Journal of financial economics , 72 : 357 – 384 .
  • Shleifer , A. 1998 . State versus private ownership . Journal of economic perspectives , 12 ( 4 ) : 133 – 150 .
  • Shleifer , A. and Vishny , R. 1993 . Corruption . Quarterly journal of economics , 108 : 599 – 617 .
  • Shleifer , A. and Vishny , R.W. 1994 . Politicians and firms . Quarterly journal of economics , 109 : 995 – 1025 .
  • Shleifer , A. and Vishny , R.W. 1998 . The grabbing hand: government pathologies and their cures , Cambridge, MA : Harvard University Press .
  • Stigler , G. 1971 . The theory of economic regulation . Bell journal of economics and management science , 2 : 3 – 21 .
  • Svejnar , J. 2002 . Transition economies: performance and challenges . Journal of economic perspectives , 16 ( 1 ) : 19 – 42 .
  • Swamy , A. 2001 . Gender and corruption . Journal of development economics , 64 : 25 – 55 .
  • World Bank, 2012. Helping countries combat corruption: the role of the World Bank [online], Available from: http://www1.worldbank.org/publicsector/anticorrupt/corruptn/cor02.htm [Accessed 10 February 2012]
  • Ziobrowski , A. 2004 . Abnormal returns from the common stock investments of the US Senate . Journal of financial and quantitative analysis , 39 ( 4 ) : 661 – 676 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.