ABSTRACT

This study investigates whether the impact of firm-level corruption on growth varies based on origin of the firm. More specifically, I examine how corruption in the business environment affects growth for privatized former state-owned enterprises (SOEs) and originally private firms in transition economies. Employing Business Environment and Enterprise Performance Survey (BEEPS) data and using a sample of 15,103 unique firms in 30 Eastern European and Central Asian countries, I find that corruption hampers growth for private firms, but it is not detrimental to privatized firms’ growth. In fact, some evidence suggests that corruption helps privatized firms growing faster.

摘要

本研究调查公司层面腐败对增长的影响是否因公司起源而异。更具体地说，我研究了商业环境中的腐败如何影响转型经济体中私有化的前国有企业 (SOE) 和最初的私营企业的增长。使用商业环境和企业绩效调查 (BEEPS)数据并使用 30 个东欧和中亚国家的 15,103 家独特公司的样本，我发现腐败阻碍了私营公司的增长，但它不会损害私有化公司的增长。事实上，一些证据表明腐败有助于私有化公司更快地发展。