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dc.contributor.authorAshyrov, Gaygysyz
dc.contributor.authorPoltimäe, Helen
dc.date.accessioned2022-01-31T18:42:57Z
dc.date.available2022-01-31T18:42:57Z
dc.date.issued2022
dc.identifier.urihttp://hdl.handle.net/10062/76618
dc.description.abstractEnergy 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.en
dc.language.isoengen
dc.relationinfo:eu-repo/grantAgreement/EC/H2020/822781///GROWINPROen
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectcorruptionen
dc.subjectenergy efficiencyen
dc.subjectinstitutional settingen
dc.subjectVietnamen
dc.titleDoes corruption hinder firm energy efficiency? Evidence from Vietnamen
dc.typeinfo:eu-repo/semantics/articleen


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