<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Nowadays, the topic of corruption is extremely relevant, not only in terms of clarifying its nature and appearance, but also in terms of its impact on business development. Corruption as a phenomenon goes through constant changes from the past to the present. Its growing significance from a resource redistribution tool to a regulator of social mechanisms, plays the role of a risk factor for the economic development of each country. In this context, the role of corruption is crucial for the business. Its importance in the economic and business climate, on one hand limits the input of foreign capital investment and on other hand slows the development of the companies, leading to an incorrect redistribution of their assets. As a result, there are significant losses for the business, as well as there is a disturbance of the economic cycle of the country. At the same time, business is an area predisposed to corruption. There are numerous possibilities for committing crimes and unethical behavior in this area. It is therefore necessary to analyze the impact of corruption on business development. In this regard, the aim of this report is to make a comparative analysis of the impact of corruption on the business in Bulgaria and Romania.</p></abstract>

Nowadays, the topic of corruption is extremely relevant, not only in terms of clarifying its nature and appearance, but also in terms of its impact on business development. Corruption as a phenomenon goes through constant changes from the past to the present. Its growing significance from a resource redistribution tool to a regulator of social mechanisms, plays the role of a risk factor for the economic development of each country. In this context, the role of corruption is crucial for the business. Its importance in the economic and business climate, on one hand limits the input of foreign capital investment and on other hand slows the development of the companies, leading to an incorrect redistribution of their assets. As a result, there are significant losses for the business, as well as there is a disturbance of the economic cycle of the country. At the same time, business is an area predisposed to corruption. There are numerous possibilities for committing crimes and unethical behavior in this area. It is therefore necessary to analyze the impact of corruption on business development. In this regard, the aim of this report is to make a comparative analysis of the impact of corruption on the business in Bulgaria and Romania.

The Impact of Corruption on the Business in Bulgaria and Romania

“Neofit Rilski” South-West University

International conference KNOWLEDGE-BASED ORGANIZATION

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"The Impact of Corruption on the Business in Bulgaria and Romania"}

Nowadays, the topic of corruption is extremely relevant, not only in terms of clarifying its nature and appearance, but also in terms of its impact on business...

The Impact of Corruption on the Business in Bulgaria and Romania

Data publikacji: 23 lip 2019

Zakres stron: 57 - 62

DOI: https://doi.org/10.2478/kbo-2019-0057

Słowa kluczowe
business, corruption, Bulgaria, Romania

© 2019 Vladislav Krastev et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The Impact of Corruption on the Business in Bulgaria and Romania

Data publikacji: 23 lip 2019

Zakres stron: 57 - 62

DOI: https://doi.org/10.2478/kbo-2019-0057

Słowa kluczowebusiness, corruption, Bulgaria, Romania

© 2019 Vladislav Krastev et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Słowa kluczowe
business, corruption, Bulgaria, Romania