Firm efficiency, foreign ownership and CEO gender in corrupt environments

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F19%3A00518672" target="_blank" >RIV/67985998:_____/19:00518672 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/00216208:11640/19:00518217

Výsledek na webu

<a href="https://doi.org/10.1016/j.jcorpfin.2017.06.008" target="_blank" >https://doi.org/10.1016/j.jcorpfin.2017.06.008</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jcorpfin.2017.06.008" target="_blank" >10.1016/j.jcorpfin.2017.06.008</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Firm efficiency, foreign ownership and CEO gender in corrupt environments

Popis výsledku v původním jazyce

We study the effects of corruption on firm efficiency using a unique dataset of private firms from 14 Central and Eastern European countries from 2000 to 2013. We find that an environment characterized by a high level of corruption has an adverse effect on firm efficiency. This effect is stronger for firms with a lower propensity to behave corruptly, such as foreign-controlled firms and firms managed by female CEOs, while local firms and firms with male CEOs are not disadvantaged. We also find that an environment characterized by considerable heterogeneity in the perception of corruption is associated with an increase in firm efficiency. This effect is particularly strong for foreign-controlled firms from low corruption countries, while no effect is observed for firms managed by a female CEO.

Název v anglickém jazyce

Firm efficiency, foreign ownership and CEO gender in corrupt environments

Popis výsledku anglicky

We study the effects of corruption on firm efficiency using a unique dataset of private firms from 14 Central and Eastern European countries from 2000 to 2013. We find that an environment characterized by a high level of corruption has an adverse effect on firm efficiency. This effect is stronger for firms with a lower propensity to behave corruptly, such as foreign-controlled firms and firms managed by female CEOs, while local firms and firms with male CEOs are not disadvantaged. We also find that an environment characterized by considerable heterogeneity in the perception of corruption is associated with an increase in firm efficiency. This effect is particularly strong for foreign-controlled firms from low corruption countries, while no effect is observed for firms managed by a female CEO.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/GA15-15927S" target="_blank" >GA15-15927S: Chování podniků, jejich efektivita a finance z mezinárodní perspektivy</a><br>

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Corporate Finance

ISSN

0929-1199

e-ISSN

—

Svazek periodika

59

Číslo periodika v rámci svazku

December

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

17

Strana od-do

344-360

Kód UT WoS článku

000506727600018

EID výsledku v databázi Scopus

2-s2.0-85021984306