Is business’ perception on selected formal and informal institutions affected by the business climate?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F18%3A63521329" target="_blank" >RIV/70883521:28120/18:63521329 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Is business’ perception on selected formal and informal institutions affected by the business climate?
Original language description
Business climate is subject to the influence of both the informal (e.g. corruption and political connections) and formal institutions (e.g. business enabling policies and tax treatment). This paper seeks to explore the relationship between business climate and business’ perception on corruption, political connections, tax treatment and business enabling policies in the context of a developing country. To test the proposed hypotheses, the following tests: Kruskal-Wallis, Jonckheere-Terpstra, and Mann-Whitney tests are applied on an original dataset containing 404 businesses from post-socialist Albania. Results show that business’ perception on both formal and informal institutions differs across the business climate levels. As the business climate “moves” towards favorable level, it is observed that there is a decreasing trend in business’ perception on business enabling policies and corruption, and an increasing trend in tax treatment and political connections. The post-hoc test reveals that businesses score higher on tax treatment and political connection when business climate is not favorable as compared to normal. Also, when comparing not favorable versus favorable levels, whereas in case of corruption the opposite results are met. Regarding business enabling policies, businesses score higher when the business climate is favorable compared to not favorable and normal levels. In conclusion, the business climate in Albania does not have a similar effect among informal institutions, nor among formal ones.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
International Scientific Conference on Economic and Social Development - "Sustainability from an Economic and Social Perspective"
ISBN
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ISSN
1849-7535
e-ISSN
neuvedeno
Number of pages
9
Pages from-to
246-254
Publisher name
Varazdin Development and Entrepreneurship Agency
Place of publication
Varaždín
Event location
Lisabon
Event date
Nov 15, 2018
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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