<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

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

Associate Professor in Enterprise, Centre for Enterprise and Entrepreneurship, Studies, Business School

Associate Professor in Institute for Entrepreneurship and Economic Development

Centre for Regional Economic and Enterprise Development, Management School

Professor of Entrepreneurship, Centre for Regional Economic and Enterprise Development, Management School

South East European Journal of Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The aim of this paper is to examine how the institutional environment impacts the nature of corruption affecting entrepreneurship in transition economies....

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

Published Online: Jan 11, 2018

Page range: 20 - 34

DOI: https://doi.org/10.1515/jeb-2017-0014

Keywords
Corruption, Entrepreneurship, Institutions, Transition economies

© 2017 South East European Journal of Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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

Published Online: Jan 11, 2018

Page range: 20 - 34

DOI: https://doi.org/10.1515/jeb-2017-0014

KeywordsCorruption, Entrepreneurship, Institutions, Transition economies

© 2017 South East European Journal of Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Corruption, Entrepreneurship, Institutions, Transition economies