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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