Corruption in the Relationship between Business and Bureaucracy (the Case of Empirical Analysis)

Abstract

The authors introduce the notion of institutional economic space of the functioning of business firms taking into account their corrupt behaviour. Based on the survey of the firms’ CEOs they construct a taxonomy of the companies in this space, analyze the factors, which influence the choice of certain business strategies, evaluate the efficiency of each strategy. The authors draw from the empirical information the peculiar properties of corrupt interactions between firms and bureaucratic structures.