Does corruption affect the impact of financial development on entrepreneurship? Evidence from emerging economies
Purpose: This study examines the relationship between financial development, corruption, and entrepreneurship in a sample of 21 emerging economies from 2008 to 2020. Methodology: Utilizing the Generalized Method of Moments (GMM) econometric approach, we explore the interactive dynamics between these...
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| Veröffentlicht in: | Ekonomski vjesnik 2024-01, Vol.37 (1), p.109-126 |
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| creator | Fradanbeh, Malihe Rabiei Khyareh, Mohsen Mohammadi Hadi, Amini |
| description | Purpose: This study examines the relationship between financial development, corruption, and entrepreneurship in a sample of 21 emerging economies from 2008 to 2020. Methodology: Utilizing the Generalized Method of Moments (GMM) econometric approach, we explore the interactive dynamics between these variables. Results: Our findings indicate that higher levels of corruption are associated with increased entrepreneurial activity in these economies. This can be attributed to the prevalence of corrupt practices, such as bribery, which serve as a means for entrepreneurs to overcome barriers and initiate businesses. Conversely, while financial development has a positive influence on entrepreneurship, its impact is not statistically significant. However, when considering a combined effect of financial development and corruption, a positive net impact is observed. This suggests that corruption can facilitate access to financial resources for entrepreneurs in these emerging economies. These findings support the notion of the “grease the wheels effect”. Conclusion: This study provides valuable insights into the complex interplay between financial accessibility, corruption, and entrepreneurship in emerging economies, informing policymakers and stakeholders on strategies to foster entrepreneurship and drive sustainable economic growth. |
| doi_str_mv | 10.51680/ev.37.1.8 |
| format | Article |
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Evidence from emerging economies</title><source>DOAJ Directory of Open Access Journals</source><source>EZB-FREE-00999 freely available EZB journals</source><creator>Fradanbeh, Malihe Rabiei ; Khyareh, Mohsen Mohammadi ; Hadi, Amini</creator><creatorcontrib>Fradanbeh, Malihe Rabiei ; Khyareh, Mohsen Mohammadi ; Hadi, Amini</creatorcontrib><description>Purpose: This study examines the relationship between financial development, corruption, and entrepreneurship in a sample of 21 emerging economies from 2008 to 2020. Methodology: Utilizing the Generalized Method of Moments (GMM) econometric approach, we explore the interactive dynamics between these variables. Results: Our findings indicate that higher levels of corruption are associated with increased entrepreneurial activity in these economies. This can be attributed to the prevalence of corrupt practices, such as bribery, which serve as a means for entrepreneurs to overcome barriers and initiate businesses. Conversely, while financial development has a positive influence on entrepreneurship, its impact is not statistically significant. However, when considering a combined effect of financial development and corruption, a positive net impact is observed. This suggests that corruption can facilitate access to financial resources for entrepreneurs in these emerging economies. These findings support the notion of the “grease the wheels effect”. Conclusion: This study provides valuable insights into the complex interplay between financial accessibility, corruption, and entrepreneurship in emerging economies, informing policymakers and stakeholders on strategies to foster entrepreneurship and drive sustainable economic growth.</description><identifier>ISSN: 0353-359X</identifier><identifier>EISSN: 1847-2206</identifier><identifier>DOI: 10.51680/ev.37.1.8</identifier><identifier>CODEN: EKVJEE</identifier><language>eng</language><publisher>Osijek: Sveučilište Josipa Jurja Strossmayera u Osijeku, Ekonomski fakultet u Osijeku</publisher><subject>Bribery ; Business Economy / Management ; Collusion ; Corruption ; Corruption - Transparency - Anti-Corruption ; Developing countries ; Econometrics ; Economic development ; Economic growth ; Economy ; emerging countries ; Emerging markets ; Entrepreneurship ; financial development ; Generalized method of moments ; Grease ; Hypotheses ; LDCs ; Public officials ; Sustainable development</subject><ispartof>Ekonomski vjesnik, 2024-01, Vol.37 (1), p.109-126</ispartof><rights>2024. 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Evidence from emerging economies</atitle><jtitle>Ekonomski vjesnik</jtitle><addtitle>EKONOMSKI VJESNIK / ECONVIEWS : REVIEW OF CONTEMPORARY BUSINESS, ENTREPRENEURSHIP AND ECONOMIC ISSUES</addtitle><date>2024-01-01</date><risdate>2024</risdate><volume>37</volume><issue>1</issue><spage>109</spage><epage>126</epage><pages>109-126</pages><issn>0353-359X</issn><eissn>1847-2206</eissn><coden>EKVJEE</coden><abstract>Purpose: This study examines the relationship between financial development, corruption, and entrepreneurship in a sample of 21 emerging economies from 2008 to 2020. Methodology: Utilizing the Generalized Method of Moments (GMM) econometric approach, we explore the interactive dynamics between these variables. Results: Our findings indicate that higher levels of corruption are associated with increased entrepreneurial activity in these economies. 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| source | DOAJ Directory of Open Access Journals; EZB-FREE-00999 freely available EZB journals |
| subjects | Bribery Business Economy / Management Collusion Corruption Corruption - Transparency - Anti-Corruption Developing countries Econometrics Economic development Economic growth Economy emerging countries Emerging markets Entrepreneurship financial development Generalized method of moments Grease Hypotheses LDCs Public officials Sustainable development |
| title | Does corruption affect the impact of financial development on entrepreneurship? Evidence from emerging economies |
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