Journal Article


The nature of corruption affecting entrepreneurship in transition economies: Some lessons from Montenegro

Abstract

The aim of this paper is to examine how the institutional environment impacts the nature of corruption affecting entrepreneurship in transition economies. Drawing on a survey and in-depth interviews with entrepreneurs in Montenegro, the paper finds that corruption is a pervasive presence which has not been ameliorated despite economic reforms. Montenegro is a transition economy which has made significant strides in terms of creating a more open market economy. However, reforms have often overlooked corruption which remains prevalent, and the institutional environment has left space for officials and entrepreneurs to engage in corrupt practices. The paper shows that although it takes different forms, corruption can be viewed as a cultural impediment even if the majority of entrepreneurs are not exposed to it.

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Authors

Williams, Nick
Radevic, Dragana
Gherhes, Cristian
Vorley, Tim

Oxford Brookes departments

Oxford Brookes Business School

Dates

Year of publication: 2018
Date of RADAR deposit: 2020-10-07


Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License


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