Frey, Barbara and Skrinjaric, Bruno and Budak, Jelena (2024) Private sector perspective on corruption and informality: a comparative analysis of Serbia and Croatia. POST-COMMUNIST ECONOMIES, 36 (4). pp. 506-526. ISSN 1463-1377, 1465-3958
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Corruption and informality in business are research topics that have previously received less attention among scholars, especially in Southeast Europe. To fill this gap, and to bring some clarity to the phenomena of corruption and informality in the private sector, this article addresses the extent and manifestations of corrupt and informal practices in business in two post-socialist countries of ex-Yugoslavia, Serbia and Croatia. Analysis is performed on primary data from surveys of businesspeople in both countries, with the main aim of revealing their understanding and acceptance of illicit practices and determinants of businesspeople informal behaviour in the SME sector. The acceptance of four types of informal practices, namely: treating, giving and receiving gifts, networks, and favouring, is modelled using Probit estimation technique. The results reveal that the corrupt behaviour of businesspeople in two observed countries is related to their acceptance of informal practices. Additionally, the manifestations of these practices in real business-to-business and business-to-government relations are shown.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | FORMAL INSTITUTIONS; BUSINESS; BEHAVIOR; GUANXI; ENTREPRENEURSHIP; TRANSITION; NETWORKING; BOSNIA; Corruption; informality; Serbia; Croatia; businesspeople |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Führung und Organisation (Prof. Dr. Thomas Steger) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 09 Dec 2025 10:48 |
| Last Modified: | 09 Dec 2025 10:48 |
| URI: | https://pred.uni-regensburg.de/id/eprint/63910 |
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