Abstract
Corruption as a phenomenon can be found in every country and society. It accompanies human development from antiquity to the present day. The main perceptions of corruption is that it is an undesirable phenomenon which negatively affects society, contributes to the imbalance in the distribution of public goods and adversely affects the economy and society`s confidence in state governance and state`s institutions efficiency. Modern economy is permanently evolving and becoming more interdependent, especially in the age of globalization nevertheless corruption phenomenon still has influence despite the continual strategies for its limitation. Anti-corruption legislation at global, regional and national level is constantly developing and irrespective of the different legal systems and different anti-corruption strategies, it remains a constant in society`s life and influences their growth. At least that is what the first studies results on corruption impact on countries` economies development in the 1960s 1970s of the 20th century have demonstrated. The aim of this research is to assess the corruption impact on the Bulgarian economy, reflecting the contemporary reality in which the Bulgarian business develops its activities. The main research method is the method of the response and for the procession of the information are used statistical methods method of observation, method of the group, method of the analysis and graphic method. The analysis and conclusions on the problem are based on a data survey, where representatives of the business enterprises from South-West region had an opportunity to answer questions, aimed at revealing the most common corruption practices and how they affect their normal business activity.
Highlights
The concept of corruption is a way of thinking, of lifestyle, of management
The main concern is that corruption has a negative impact on the economic development [3, 4, 5, 6, 7] and it should be limited by the means of adequate legal mechanisms because it leads to misallocation of public goods, which undermines public confidence in the impartiality of state institutions, as well as the public confidence in the legal norms
Another thesis is that corruption can have a positive impact on business, such as on the foreign direct investment [8, 9] and to increase the public investment [4], which can lead to raise in the productivity and the economic growth [10, 11, 12]
Summary
The concept of corruption is a way of thinking, of lifestyle, of management. It is a constant companion to the development of any society and the governance of public goods. Corruption may facilitate the conclusion of transactions that would otherwise not have taken place because of bureaucratic difficulties, resulting in creating the so called practice of "speed money", which shortens the time required to obtain a specific service [1, 13]. In this regard it should be noted that the business corrects wrong decisions of the legislative and the executive power [13]
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