Hungarian Managers Behave Badly for the Good of the Company – Study

Hungarian managers see corruption as a means to doing the best they can for their businesses rather than as a way of gaining direct personal benefits, a new study claims, blogs.wsj.com reports.

The study, which involved some 870 mid- to top-ranking executives in the private and public sectors of Poland, the Czech Republic, Slovakia and Hungary, is due to be published in November.

The blogs.wsj.com said, the researchers wanted to see how attitudes toward ethical values affect management behavior. Levels of corruption are a key determinant of the business environment in every country. The quality of the local business environment strongly affects a country’s ability to attract investors, particularly from abroad. The more corrupt a country is the less investment it is likely to draw in. Foreign direct investment has been a major economic driver in emerging market economies, including central and Eastern Europe.