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Institutional Complementarity, Economic Performance, and Governance in the Post-Communist World

Markus, Stanislav; Mendelski, Martin - 2018

Our article presents an index of institutional complementarity for 27 postcommunist economies, and evaluates a key claim of the Varieties of Capitalism paradigm. The empirical novelty of the index lies in its integration of informal institutions as well as its combination of macro-level and...

Persistent link: https://www.econbiz.de/10014133871

Bribery and Corruption : The COSO Framework, FCPA, and U.K. Bribery Act

Trautman, Lawrence J. - 2019

international commerce results in the potential for greater exposure to global demands for bribery. Bribery and corruption remains a … process. Our paper proceeds in eight parts. First, we discuss the bribery and corruption problem. Second, a discussion of the … believe this paper contributes to the bribery and corruption literature by exploring the potential benefits of the COSO …

Persistent link: https://www.econbiz.de/10012898350

The Determinants of Asset Stripping : Theory and Evidence from the Transition Economies

Campos, Nauro; Giovannoni, Francesco - 2006

During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...

Persistent link: https://www.econbiz.de/10014058137

The determinants of asset stripping : theory and evidence from the transition economies

Campos, Nauro (contributor); … - 2005

support for this argument. -- asset stripping ; law enforcement ; corruption ; transition …

Persistent link: https://www.econbiz.de/10003299971

Price Adjustment Under the Table : Evidence on Efficiency-Enhancing Corruption

Levy, Daniel C. - 2012

prices. The evidence offers a glimpse of quite explicit micro-level evidence on various types of behavior and corruption that …

Persistent link: https://www.econbiz.de/10014057202

The relationship between corruption and the shadow economy in Ukraine and other Central and Eastern European countries

Cherviakova, Valentyna; Cherviakova, Tetiana - In: Comparative economic research : Central and Eastern Europe 23 (2020) 4, pp. 7-30

The article investigates the causes, essence, and peculiarities of corruption and the shadow economy, as well as how … between levels of corruption and the shadow economy in all Central and Eastern European countries. However, the degree to … which corruption impacts the variation in the levels of the shadow economy differs significantly in countries across the …

Persistent link: https://www.econbiz.de/10012419309

Corporate Governance as Political Insurance : Firm-Level Institutional Creation in Emerging Markets and Beyond

Markus, Stanislav - 2018

What do we know about the politics of corporate governance in emerging markets? While the state-level institutions have been amply explored, firm-level dynamics remain under-theorized. Complementing the orthodox emphasis on external finance as causal force behind the adoption of “minority...

Persistent link: https://www.econbiz.de/10014040180

Secure Property as a Bottom-Up Process : Firms, Stakeholders, and Predators in Weak States

Markus, Stanislav - 2018

How do property rights become secure? How does rule of law take hold in an economy? I use an original survey of 516 firms in Russia and Ukraine, as well as interview-based case studies, to re-examine these fundamental issues of political economy. Most states in the developing world lack the...

Persistent link: https://www.econbiz.de/10014165903

Capitalists of All Russia, Unite! Business Mobilization Under Debilitated Dirigisme

Markus, Stanislav - 2018

Political mobilization of business forces in the post-communist world has crucial implications for economic development and civil society. The emergence of strong cross-sectoral business associations during Putin's presidency challenges the prevailing view of Russia's political economy as an...

Persistent link: https://www.econbiz.de/10012940118

Sovereign Commitment and Property Rights : The Case of Ukraine's Orange Revolution

Markus, Stanislav - 2018

Conventional wisdom in new institutional economics suggests that property rights become more secure following sovereign commitment. The article tests this axiom in the crucial case of the 2004 Orange Revolution in Ukraine. I show that despite the wide-ranging constraints imposed after the...

Persistent link: https://www.econbiz.de/10012937059