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Download fileInstitutional quality and economic development in sub-Saharan Africa: Can management effort and bribes compensate for low-quality institutions?
journal contribution
posted on 2018-03-19, 13:54 authored by Gori Olusina Daniel, Kun FuKun Fu, Wilfred DolfsmaThe industrial development in sub-Saharan Africa is perhaps more affected by the quality of institutions than that of other regions. We investigate what alternatives managers have to secure what their firms need to function in case the institutional furniture they are confronted with is of low quality. We find that in high quality institutional environments management spending effort dealing with authorities and navigating regulations negates the effect of the institutional environment. Managers do not need to spend these efforts. Perhaps surprisingly, we find that the positive effect of high-quality institutional environments on firm performance is enhanced by making informal payments.
History
School
- Loughborough University London
Published in
Journal of Economic IssuesVolume
52Issue
2Pages
473-482Citation
OLUSINA DANIEL, G., FU, K. and DOLFSMA, W., 2018. Institutional quality and economic development in sub-Saharan Africa: Can management effort and bribes compensate for low-quality institutions? Journal of Economic Issues, 52(2), pp. 473-482.Publisher
©Journal of Economic Issues / Association for Evolutionary Economics. Published by Taylor & Francis (Routledge)Version
- AM (Accepted Manuscript)
Publisher statement
This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of Economic Issues on 11th June 2018, available online: https://doi.org/10.1080/00213624.2018.1469920Acceptance date
2018-03-06Publication date
2018-06-11ISSN
0021-3624Publisher version
Language
- en