Governance power impact on corruption and the business environment-determining factors

Abstract

Corruption influences the business environment, but its impact is decreasing continuously. One of the main reasons behind this is the change in peoples’ attitude and saturation to ethically questionable actions. Any realistic strategy must be based on the principle that there are always two sides in a process. It means that supply and demand also exist in the case of corruption. It can be pointed out that the war against corruption often involves reforms. Therefore, corruption will decrease only in those countries, where governments are willing to substantially reduce some of their functions. The aim of the article is to show the different issues of corruption and analyze how they affect the business environment-determining factors; what kind of measures are used in companies to prevent corruption and how these measures affect the business opportunities; to analyze the government’s role and in-fluence on this process.