Can blockchain-technology fight corruption in MNEs’ operations in emerging markets?

Davis, Michaël I.; Lennerfors, Thomas Taro; Tolstoy, Daniel

doi:10.1108/ribs-12-2020-0155

Cited by 17 publications

(8 citation statements)

References 68 publications

(99 reference statements)

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“…Such an introduction might use a shared immutable electronic ledger such as blockchain with added benefits of transparency through a disruption of the social construct of corruption. It may be used to counteract opportunistic economic activities, that is, corruption or financial waste, by providing economic incentives to maintain the blockchain consensus (Davis et al , 2021). Finally, morality and ethical behaviour should play a central role in overcoming market imperfections, and this is true not only for the parties involved in construction development but also for the industry as a whole.…”

Section: Data Analysis and Resultsmentioning

confidence: 99%

Examining corruption prominence in SIDS – the curse and the cure for construction tender practices

Martin

Miller

Milling

et al. 2022

JFM

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Purpose Business-to-government corruption has destroyed many businesses and debilitated numerous countries. The paradox of plenty, or the curse of resources, is exacerbated in emerging oil and gas economies, where corruption is rampant. Corruption most frequently occurs within the tendering stage of construction projects and the current debate fails to arrest this ubiquitous boundless construct in small island developing states (SIDSs). The purpose of this study is to explain how the unique features of SIDS contributes to an understanding of B2G corruption during construction tendering. Design/methodology/approach This study elucidates corruption in the tendering process through the lens of collective action and principal–agent theories. Interviews with three experts and a questionnaire survey with 115 practitioners evaluated corruption in Trinidad’s construction industry. Principal component analysis reduced 33 corruption variables to 5 primary causes. In addition, the relative importance of potential solutions for curtailing corruption was assessed. Findings The derived factors highlight that governance within SID oil and gas economies, inadequate tender procedures and practices, reprehensible business growth strategies, unethical misconduct and the social networking context characterise public infrastructure tendering. The recommendations for minimising corruption in tendering are grounded in behaviour and deterrence theories and infused with technological advances. Research limitations/implications Using surveys and interviews circumvents the limitation of the inability to measure corruption because of the confines of respondents’ recall triggers. However, corruption is mediated by cultural norms, which limits the generalisation of the findings. Originality/value The study concludes that corruption results from a lack of transparency in the construction supply chain. It leads to an awareness gap between project stakeholders, which is a major risk factor and source of mistrust. The result is a lack of traceable processes and coordination among stakeholders. Consequently, the study fills the gap in responsible socio-economic consumption in SIDSs.

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Section: Data Analysis and Resultsmentioning

confidence: 99%

Examining corruption prominence in SIDS – the curse and the cure for construction tender practices

Martin

Miller

Milling

et al. 2022

JFM

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“…To curb irregularities, Davis et al (2022) examined the conditions in developing economies that blockchain technology (BT) can alleviate corruption of multinational companies. The study found that BT is hypothesized to have different curbing influences on the socialization, justification and institutionalization of fraud.…”

Section: Electronic Procurement and Creative Accountingmentioning

confidence: 99%

Procurement physiognomies and creative accounting in Nigerian listed health care firms

Usman

Hassan

2023

JHLSCM

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Purpose This paper aims to examine the influence of procurement physiognomies on the creative accounting (CA) of listed health-care firms in Nigeria from 2016 to 2020. Design/methodology/approach This paper used positivist paradigm. Annual reports and accounts, questionnaire and e-mails were used to obtained and extract quantitative data. The data were analyzed using OLS regression. Findings The study found that, procurement planning, e-procurement and procurement legislation compliance possessed negative weighty consequence on CA of quoted Nigerian health-care corporations while outsourcing, procurement staff competency and strategic supplier partnership possess positive substantial impact on the firms’ CA. The article concluded that procurement physiognomies play an important role in managing CA of health-care firms. Research limitations/implications This study findings are only applicable to listed health-care firms in Nigeria. It only used six procurement attributes. The research implication is that researchers are to use the findings in conducting further studies on procurement physiognomies and CA to help in coming up with ways of curbing irregularities in the organizations. Practical implications The health-care firms are to use the findings to come up with policies that ensure malpractices in procurement are curbed and CA is minimized to its barest level. Its societal implication is that the public is to use the findings in changing societal attitudes toward earnings manipulation. Social implications Its societal implication is that the public is to use the findings in changing societal attitudes toward earnings manipulation. Originality/value To the best of the authors’ knowledge, this article is the first to evaluate the influence of procurement physiognomies on CA in Nigerian-listed health-care companies. Many researchers neglect how procurement is used to carry out a lot of CA and this study focuses on a mechanism for curtailing corruption.

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“…Nasdaq, 2012). Emerging markets have been linked to specific challenges of doing business, which have been conceptually captured by international distances (Davis et al, 2021). According to Ghemawat's (2001) CAGE framework, international distances to, e.g.…”

Section: Introductionmentioning

confidence: 99%

MNE innovation in the pursuit of SDGs in emerging markets

Hånell,

Tarnovskaya,

Tolstoy

2024

IMR

Self Cite

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PurposeThe purpose of this study is to examine how different innovation efforts can support multinational enterprises’ (MNEs’) pursuits of sustainable development goals (SDGs) in emerging markets and under what circumstances they are applied.Design/methodology/approachThe article comprises in-depth case studies on two high-profile Swedish MNEs: a telecom firm and a fast-fashion firm, with data collected both at the headquarter-level and local-market level.FindingsThe study shows that MNEs pursue a selection of prioritized SDGs in emerging markets. To overcome challenges related to attaining these goals, we find that MNEs engage in innovation efforts at different levels of commitment. In some instances, they engage in operational innovation aimed at relieving symptoms of sustainability misconduct and ensuring compliance. In other instances, they engage in systemic innovation efforts, which involve the actual market structures underlying sustainability problems.Originality/valueMNEs are increasingly incorporating the United Nations SDGs into their innovation strategies. The study contributes to international business research on MNEs’ roles in realizing the SDGs by conceptualizing and discussing two pertinent approaches to innovation.

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Can blockchain-technology fight corruption in MNEs’ operations in emerging markets?

Cited by 17 publications

References 68 publications

Examining corruption prominence in SIDS – the curse and the cure for construction tender practices

Examining corruption prominence in SIDS – the curse and the cure for construction tender practices

Procurement physiognomies and creative accounting in Nigerian listed health care firms

MNE innovation in the pursuit of SDGs in emerging markets

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