Which Entrepreneurs Bribe and what do they Get from It? Exploratory Evidence from Vietnam
Top Cited Papers
- 1 March 2011
- journal article
- Published by SAGE Publications in Entrepreneurship Theory and Practice
- Vol. 36 (2), 323-345
- https://doi.org/10.1111/j.1540-6520.2010.00400.x
Abstract
This article investigates whether bribery in emerging economies matters and whether such bribery has a diminishing return to performance. Bribery allows entrepreneurs to develop and foster a network of informal relationships with public officials, and reap the accompanying benefits; but it may also have disadvantages, such as an inefficient allocation of resources. The relationship between bribery and performance was estimated using unique data derived from a survey of 606 Vietnamese entrepreneurs. We controlled for various entrepreneurial, organizational, and industrial characteristics. The exploratory results provide support for a hill–shaped non–monotonic relationship between bribery and revenues.Keywords
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