The authors of the article analyze the effect of corruption on foreign direct investments in most corrupt European Union countries. Corruption in the context of the analysis is understood as an act where government officials enter into an agreement with a foreign investors against the interest of society. It takes place when illegal payments for government are made. Such payments acts as an additional tax on investments in foreign country, thus decreasing attractiveness of investment for foreign investors. There are various types of corruption, but most common classification include grand corruption, petty corruption and public sector corruption. However, this article focuses on the effect of grand corruption, because it directly affects FDI inflows in particular country. Results of the research made by the authors shows that corruption has adverse effect on FDI inflows, however particular corrupt actions may postively effect FDI inflows. In order to determine corruption effect on FDI in corrupt EU countries statistical analysis of 2000–2014 period has been implemented and conceptual model of effect on FDI created.
Navickas, V., Navickas, M., & Kordoš, M. (2016). Corruption effect on foreign direct investments in European Union countries. Business: Theory and Practice, 17(4), 299-306. https://doi.org/10.3846/btp.17.10863
Authors who publish with this journal agree to the following terms
that this article contains no violation of any existing copyright or other third party right or any material of a libelous, confidential, or otherwise unlawful nature, and that I will indemnify and keep indemnified the Editor and THE PUBLISHER against all claims and expenses (including legal costs and expenses) arising from any breach of this warranty and the other warranties on my behalf in this agreement;
that I have obtained permission for and acknowledged the source of any illustrations, diagrams or other material included in the article of which I am not the copyright owner.
on behalf of any co-authors, I agree to this work being published in Creativity Studies as Open Access, and licenced under a Creative Commons Licence, 4.0 https://creativecommons.org/licenses/by/4.0/legalcode. This licence allows for the fullest distribution and re-use of the work for the benefit of scholarly information.
For authors that are not copyright owners in the work (for example government employees), please contact VILNIUS TECH to make alternative agreements.
