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Full Description
For years, corruption has been dismissed as a cultural phenomenon prevalent in developing countries, mirroring low salaries, weak infrastructure, disorganized administration and unstable political conditions. What this theory fails to explain, however, is why so many western multinational corporations have been involved in corruption scandals in recent years - even though most of these companies ostensibly had anti-corruption programs and monitoring systems in place. This book considers corruption in the business world in its broadest sense, including bribery and petty payments, nepotism and cronyism, gift-giving, embezzlement of public property and money laundering. It then explores corrupt behavior across different sectors in more detail in an effort to understand how corruption varies by industry. While a number of books dealing with corruption have been published over the years, little attention has been paid to the specifics of corruption in different industries and economic sectors. With contributions from some of the leading global experts in business ethics and law, this handbook will be an essential resource for both scholars and practitioners.
Contents
Part I: Explaining and Preventing Corrupt PracticesWhat is Organizational Corruption?
Corruption: Maximizing, Socializing, Balancing, and Othering
Petty Corruption - Facilitating Payments and Grease Money
The Impact of Disguised Bribes - Distorting the Basic Functions of Gift-Giving Practices
Nepotism and Cronyism as a Cultural Phenomenon?
Viable and Nonviable Methods for Corruption Reform
Part II: Corruption - Cross-Sectoral Experiences
Why Does Corruption Persist in Governments across the World?
Corruption in Extractive Industries - Changing the Scenario?
Corruption in the IT Branch - The Example of Siemens
Money Laundering and Tax Evasion - The Assisting of the Banking Sector
Money Laundering and Legal Compliance in the U.S. Financial Services Industry: The Case of Standard Chartered Bank
Corruption in Finance - The Role of the Investment Consulting and the Financial Auditing Industries
Informal Payments in Health Care
Corruption in the Pharmaceutical Sector
Corruption in the Agriculture Sector - Micro Level Evidence from Bangladesh
We Can Fix it - Corruption in the Construction Industry
Olympic Games, Football Championships, and Corruption in the Sports Industry
Corruption in the Media
Corruption in the Retail Industry
