Anti-bribery disclosures: A response to networked governance (original) (raw)

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This study investigates the influence of networked governance, particularly the roles of media and NGOs, on corporate anti-bribery disclosures within the telecommunications industry. Through an analysis of corporate reporting from Alcatel-Lucent and Siemens AG, it finds that heightened media and NGO activities correlate with increased transparency in disclosures regarding anti-bribery measures, albeit revealing a mix of substantive and symbolic reporting practices. The ongoing incidences of bribery despite reported preventive measures highlight the partial effectiveness of these disclosures in promoting authentic corporate accountability.

Corruption in the Twenty-First Century Global Era: Meaning, Extent, and Prevalence

EJMSS, 2024

The term "corruption" carries both a qualitative and moral meaning. Because corruption is unethical, it must be eradicated. It has existed for all of recorded history. The corruption perennial's resilience and capacity to spread throughout almost any setting does not appear to have decreased. Every day, the media serves as a constant reminder that unethical behavior persists. It happens in all spheres of society and economic systems, from open capitalist economies like the United States (US) to centrally planned economies like the former Union of Soviet Socialist Republics (USSR), and in both democracies and military dictatorships. In recent years, corruption has evolved from primarily being a national or regional problem to one that is a worldwide revolutionary force. The global outcry against corruption has spread over the political scene like a blaze in less than five years. Nations have collapsed. Long-standing ruling parties have faced pressure to leave power. Prosecutors have questioned and herded presidents, prime ministers, lawmakers, and once-powerful business chieftains into the docket. Hardly any nation or area has been exempted from this. This paper holds that there are several reasons for the emergence of corruption and that it is challenging to define corruption in a way that would apply to all nations. In several nations, there have been apparent and actual rises in corrupt practices. This paper investigates the allocation of government benefits, costs, and employment (which become valued when corrupt possibilities exist) to examine the motivations for engaging in corrupt actions. It also covers the variables that affect the scope and frequency of bribes, such as the advantages offered, the authorities' discretion, the dangers connected with them, and the relative bargaining strength of the two sides participating in the bribe transactions. This paper explores the financial consequences of corruption, such as increasing social inequality, diminished political legitimacy, and possible inefficiencies in government procurement and services (red tape and delay). It also looks at the utilization of bribe profits (capital flight). This paper delves deeper into potential strategies to mitigate the worst impacts of corruption, such as raising the stakes and expenses of detection and decreasing the chances and incentives for corruption. Keywords: Corruption, Bribery, Bribes, Bribers, Bribees, Social Inequity, Political Legitimacy.

An Overview of Corruption and Bribery

2018

This paper provides an overview of corruption and bribery by examining the relevant legal definitions, societal effects, along with international conventions and frameworks with anti-corruption purposes.

Bribery and the nature of corruption

Michigan. State University, Department of …, 2003

Abstract. This study provides empirical evidence supporting the claim that the cost of corruption faced by the firm varies with the network through which corruption is organized. We show that the probability that a firm will pay irregular additional payments is higher in ...

The Business Case for Complying with Bribery Laws

American Business Law Journal, 2012

This article addresses a gap in the common understanding of corruption. The rules regarding corruption at both the macro-and the micro-level are well known, as are the consequences at the macro-level. The consequences at the micro-level, however, particularly for business firms, are not well understood. With respect to rules, at both the macro-and micro-levels the rules are very clear: do not pay bribes. At the macrolevel the consequences are well known: corruption has devastating effects on societies and economies. Although not often referred to in most corruption literature, the consequences at the micro-level can be discussed. This article begins with the direct and indirect costs imposed on firms that pay bribes. Firms that pay bribes spend more time and money dealing with governments, and bear the costs of distortions of internal resources. The article then examines the negative effects of corruption on existing relationships within the firm and potential relationships with parties outside of the firm. Finally, the article examines potential criminal and civil liability that a firm exposes itself to when it pays bribes. The totality of these costs and liabilities strongly suggest that the consequences for any given firm of paying a bribe would burden rather than benefit the firm.

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How Prevalent Is Bribery? A Ranking of 52 Countries

Robert W. McGee & Edward Zhou, How Prevalent is Bribery? A Ranking of 52 Countries. In Robert W. McGee & Serkan Benk (Eds.), The Ethics of Bribery: Theoretical and Empirical Studies. (pp. xxx-xxx). Switzerland: Springer, 2023, forthcoming. , 2023