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2021, vol. 18, iss. 2, pp. 36-48
Corruption impact on East European emerging markets development
University of Novi Sad, Faculty of Technical Science
This paper analyzes the impact of corruption level on East European financial markets development. Financial market liquidity for 15 national markets is presented and market volume per capita is used as an indicator for market maturity. Market volume per capita values are compared to corruption perception index values, using classical logic method. Findings of the research are quite interesting and unexpected, as they show modest impact of corruption on financial market development. Results suggest that further research of corruption should be done, in order to develop better, quantitative corruption indicator.
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article language: English
document type: Original Scientific Paper
DOI: 10.5937/EJAE18-31151
received: 04/03/2021
revised: 30/08/2021
accepted: 07/09/2021
published in SCIndeks: 22/10/2021
peer review method: double-blind
Creative Commons License 4.0