Is business’ perception on selected formal and informal institutions affected by the business climate?

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Is business’ perception on selected formal and informal institutions affected by the business climate?

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Is business’ perception on selected formal and informal institutions affected by the business climate?

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

International Scientific Conference on Economic and Social Development - &quot;Sustainability from an Economic and Social Perspective&quot;

ISBN

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ISSN

1849-7535

e-ISSN

neuvedeno

Počet stran výsledku

9

Strana od-do

246-254

Název nakladatele

Varazdin Development and Entrepreneurship Agency

Místo vydání

Varaždín

Místo konání akce

Lisabon

Datum konání akce

15. 11. 2018

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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