SV Euroopa Liidu rahastatud projektid

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Browsing SV Euroopa Liidu rahastatud projektid by Author "Ashyrov, Gaygysyz"

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    Corruption and firm innovation: evidence from post-Soviet countries
    (2021) Aghazada, Elchin; Ashyrov, Gaygysyz
    In view of the missing consensus on how corruption relates to firm innovation, this paper empirically studies the relationship between petty corruption and product, process, marketing and organizational innovations in the post-Soviet region. Exploiting crosssectional firm-level data from the fifth round of the Business Environment and Enterprise Performance Survey (BEEPS V), the paper argues that institutional context has utmost importance when approaching this link. Probit estimations for a full sample of post-Soviet countries indicate a positive link between bribes and firm innovation. Considering variations in institutional development levels, the paper distinguishes three clusters of countries within the region with respect to the quality of institutional structures based on Worldwide Governance Indicators (WGI) data from the World Bank. The results reveal that the greasethe- wheel effect of bribery on firm innovation strongly remains in countries with weak institutional quality. To explore this link further, the paper made several additional estimations and robustness checks.
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    Does corruption hinder firm energy efficiency? Evidence from Vietnam
    (2022) Ashyrov, Gaygysyz; Poltimäe, Helen
    Energy efficiency is an important issue for developing countries like Vietnam, where the economy is thriving, but energy efficiency is still low. Firms should invest in energy efficiency measures, but the desired level is not reached. While the economic determinants of firms’ investments in energy efficiency have been researched, the role of the institutional setting has not gained so much attention. By employing data from Vietnamese small and medium-sized enterprises that has been administered in 2015, this article investigates how corruption, as a sign of institutional dysfunctionality, is associated with the energy efficiency in firms. Results of a bivariate binary probit estimation revealed that bribery increases the likelihood of energy efficiency environmentally friendly investments. However, findings from instrumental variable two stage least squares estimations demonstrate that bribery increases the cost of the investments. Hence, in the long run, corruption might have a deterring effect on energy efficiency investments by firms.
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    Role of institutions in the corruption and firm innovation nexus: evidence from former Soviet Union countries
    (2022) Aghazada, Elchin; Ashyrov, Gaygysyz
    In view of the missing consensus on how corruption relates to firm innovation, this paper empirically studies the relationship between petty corruption and product, process, marketing and organizational innovations in the post-Soviet region. Exploiting cross-sectional firm-level data from the fifth round of the Business Environment and Enterprise Performance Survey (BEEPS V), the paper argues that institutional context has utmost importance when approaching this link. Probit estimations for a full sample of post-Soviet countries indicate a positive link between bribes and firm innovation. Considering variations in institutional development levels, the paper distinguishes three clusters of countries within the region with respect to the quality of institutional structures based on Worldwide Governance Indicators (WGI) data from the World Bank. The results reveal that the grease-the-wheel effect of bribery on firm innovation strongly remains in countries with weak institutional quality. To explore this link further, the paper made several additional estimations and robustness checks.