Volume 6, No. 2, August 2007

 

An Empirical Analysis of Socioeconomic Patterns of

Host Country Transparency

George Emm. Halkos

Department of Economics, University of Thessaly, Greece

Nickolaos G. Tzeremes

Department of Economics, University of Thessaly, Greece

Abstract

Within the host country environment, the levels of corruption in a country's institutional structures influence the behavior of foreign-owned subsidiaries. Our empirical results suggest that countries with the ability to reduce corruption in their institutional structures have common socioeconomic characteristics.

Key words: business ethics; corruption; cultural dimensions; factor analysis; logistic regression; DEA
JEL classification: C14; M20; Z19

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