Towards a theory of corruption, nepotism, and new venture creation in developing countries
by Mawuli P. Gavor; Bryan T. Stinchfield
International Journal of Entrepreneurship and Small Business (IJESB), Vol. 18, No. 1, 2013

Abstract: The dominant view among social scientists and policy makers has been that corruption has a mostly negative effect on economic growth - especially in developing countries. However, some scholars have shown support for the efficient grease hypothesis (EGH), which is that corruption can increase the efficiency of some economic transactions. Based on the EGH and Hofstede's (1983) work on national culture, we theorise that nepotism and corruption in developing countries facilitates the new venture creation process, and thereby reinforces the persistent nature of corruption. Implications for policy makers are also discussed.

Online publication date: Mon, 30-Sep-2013

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Entrepreneurship and Small Business (IJESB):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com