Trust and firms’ performance in Western Balkan countries

Vučković, Valentina; Škuflić, Lorena; Mangafić, Jasmina

doi:10.1080/1331677x.2022.2142255

Cited by 2 publications

(2 citation statements)

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“…Citizens’ social values and attitudes, social capital and trust, social and political structure and safety, religion and ethical norms, and well‐being have all been the objective of investigation in the European Value Survey (EVS) and the World Value Survey (WVS), which have been a subject of observation in previous investigation (García, Azorín, and de la Vega 2018; Golubović, Džunić, and Marinković 2014; Kutuk and Usturali 2023; Vučković, Škuflić, and Mangafić 2023). However, usually the goal has been narrower, focusing on one specific moral‐related dimension, rather than observing a combination of different citizens’ values and perceptions.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Exploring citizen perceptions and values for a responsible society

Zelenkovski,

Prodanova,

Kocarev

2024

Social Science Quarterly

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AimsCitizens’ perceived values play a decisive role in shaping a responsive society, driving social and political attitudes and behaviors. Understanding these values, influenced by cultural, historical, and personal experiences, is essential for comprehending public perspectives on social, economic, and ecological aspects crucial for sustainable societies. This study investigates perceived values as indicators of citizens’ potential civic engagement, mainly contributing to societal development.Materials and methodsFor the purpose of this study, we analyzed 1012 cases from the European Value Survey/World Value Survey data set of the Republic of Macedonia. In addition to the exploratory factor analysis and cluster analysis, we employed XGBoost regression, coupled with SHAP analysis, offering a transparent exploration of the significance of citizens’ perceived values, while emphasizing their role in motivating social responsibility and duty.ResultsWe identified 12 factors and categorized Macedonian citizens into 4 clusters. Through the SHAP feature importance method, we determined that perceptions of gender stereotypes, trust in people, civil rights, and job equality strongly influence the idea of social responsibility.ConclusionsOur findings offer pathways to promote individual accountability and increased participation in societal actions, fostering greater advocacy and policy changes for a responsible, engaged, and sustainable society.

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Section: Theoretical Backgroundmentioning

confidence: 99%

Exploring citizen perceptions and values for a responsible society

Zelenkovski,

Prodanova,

Kocarev

2024

Social Science Quarterly

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“…Researchers have discovered that corruption generally has a negative impact on the performance of businesses in the Western Balkans, reducing their capacity to expand, develop and compete. With multiple studies examining the connection between corruption and firm performance, corruption has been identified as a key barrier to economic growth and development in the Western Balkan countries (Budak and Rajh, 2014; Zeneli, 2016; Kresic et al , 2017; Vučković et al , 2022). In particular, corruption has a multitude of impacts on enterprises, including the following:…”

Section: Literature Reviewmentioning

confidence: 99%

A comparative analysis on the nexus between corruption and firm performance for a selection of Western Balkan countries

Kalaj

Golemi

2023

JFC

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Purpose This paper aims to focus on analyzing the level of corruption of small- and medium-sized enterprises and their economic performance impact in Western Balkan countries. This study uses survey data from Enterprise Surveys (ES) from 2019, a shared project of the European Bank for Reconstruction and Development, the European Investment Bank and the World Bank Group. The selected countries are Albania, Bosnia and Herzegovina, North Macedonia, Kosovo, Montenegro and Serbia. The questions included in the data set contribute to understanding what firms experience in the private sector. Collected data are based on firms’ experiences and enterprises’ perceptions of the environment in which they operate. Design/methodology/approach This paper measures enterprise performance in terms of sales, employees and fixed assets growth. The vector of independent variables comprises enterprise characteristics such as enterprise age, size, ownership structure, legal status, access to formal banking services, gender ownership and other composed variables. Moreover, to capture the level of perceived corruption by firms, we will focus on the following ES questions: “Is it common to have to pay some irregular additional payment or gifts to get things done with regard to customs, taxes, licenses, regulations, services,” and the “corruption payment” is defined in the form of a dummy equal to one if the enterprise replies “frequently,” “usually” or “always.” Findings Preliminary empirical research results shed light on the level and effects of corruption on enterprises’ performance. However, the magnitude and statistical significance are different among the countries included in the sample. Originality/value Instead of firm-level characteristics, research on corruption frequently focuses on effects dependent on national and institutional characteristics. To better identify the kinds of businesses that are most at risk of corruption, we have selected to focus on differences among firm characteristics in this research. Understanding factors at the firm level is preferred from a policy perspective because these findings assist policymakers to make recommendations.

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Trust and firms’ performance in Western Balkan countries

Cited by 2 publications

References 30 publications

Exploring citizen perceptions and values for a responsible society

Exploring citizen perceptions and values for a responsible society

A comparative analysis on the nexus between corruption and firm performance for a selection of Western Balkan countries

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