Fungácová, Zuzana; Kochanova, Anna; Weill, Laurent - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2014
This study examines how bribery influences bank debt ratios for a large sample of firms from 14 transition countries. We combine information on bribery practices from the BEEPS survey with firm-level accounting data from the Amadeus database. Bribery is measured by the frequency of extra...