The Foreign Corrupt Practices Act Revisited: Attempting to Regulate “Ethical Bribes” in Global Business

Pitman, Glenn A.; Sanford, James P.

doi:10.1111/j.1745-493x.1994.tb00192.x

Cited by 18 publications

(24 citation statements)

References 6 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…From an international standpoint, the Foreign Corrupt Practices Act and the Omnibus Trade Act of 1988 regulate conditions under which payment may be made to foreign officials Ž. Pitman and Sanford, 1994 . The acts make it illegal for US companies and their employees to make payments or give gifts of significant value to foreign officials with the intent of influencing a decision.…”

Section: Results From the Focus Group Interviewsmentioning

confidence: 99%

Ethical issues in international buyer–supplier relationships: a dyadic examination

Carter

2000

J of Ops Management

271

205

View full text Add to dashboard Cite

The author combines extant literature with findings from focus group interviews and a set of surveys to identify the ethical issues involved in relationships of US purchasing managers and their non‐US suppliers. Survey data from matched sets (dyads) of buyers and suppliers is then used to examine the influence of unethical behavior on the satisfaction with the relationship and on supplier performance.

show abstract

Section: Results From the Focus Group Interviewsmentioning

confidence: 99%

Ethical issues in international buyer–supplier relationships: a dyadic examination

Carter

2000

J of Ops Management

271

205

View full text Add to dashboard Cite

show abstract

“…There is a growing body of evidence that indicates firms that tolerate corruption abroad by their employees are engaging in risky behavior (Beaty and Gwynne, 1993;Pitman and Sanford, 1994;Sterling, 1994). ''Off the books'' accounts, secret bank accounts, paying staff while they serve prison terms, and using former senior staff as ''middlemen'' all create a working environment in which business expediency undergirds criminal activity.…”

Section: Bribery In International Businessmentioning

confidence: 98%

Determinants of Bribery in International Business: The Cultural and Economic Factors

2005

View full text Add to dashboard Cite

Corruption Perceptions Index (CPI) scores for 47 countries reported by Transparency International were used to ascertain determinants of bribe taking in international business. Two sets of independent variables -economic and cultural -were used in a multiple regression analysis. Results indicate that bribe taking was more likely to be prevalent in countries with low per capita income and lower disparities in income distribution. Cultural factors such as high power distance and high masculinity in a country were also likely to be associated with high level of bribe taking. Both economic and cultural factors were important explanatory factors of bribery. Implications of the findings for combating bribery are discussed.

show abstract

“…As previous scholarship shows, just because countries have adopted anti-corruption laws does not mean they have the institutional capacity to enforce them (Pitman and Sanford 1994; Rodrik and Rauch 1997). For example, the South Korean equivalent to the Foreign Corrupt Practices Act (FCPA), the 1999 Foreign Bribery Prevention Act (FBPA), has led to only 10 convictions (Cohen, Abernethy, and Lee 2013).…”

Section: Investments In Emerging Economiesmentioning

confidence: 99%

Risky Investments: How Local and Foreign Investors Finesse Corruption-Rife Emerging Markets

Hoang

2018

Am Sociol Rev

View full text Add to dashboard Cite

How do investors enter and navigate markets where there is a general lack of access to information and where the law is open to interpretation? Drawing on interview data with 100 research subjects in Vietnam’s real estate market, this article makes contributions to the literatures of economic sociology and development. First, looking at a diverse set of local, regional, and global investors, I theorize how market actors pursue different strategies to manage risky investments based on their proximity to state officials. Investors’ proximity depends on four processes: legal/regulatory, social ties, cultural matching, and stage of investment. Second, I highlight how multiple state–market relations can coexist within the same state. Investors’ varying levels of proximity to government officials shape their relationship with the state as one of patronage (predatory), mutual destruction (mutual hostage), or transparency (developmental). Heterogeneous state–market relations help account for the persistence of foreign direct investment in markets that display both a great deal of corruption and a great deal of legality and transparency.

show abstract

The Foreign Corrupt Practices Act Revisited: Attempting to Regulate “Ethical Bribes” in Global Business

Cited by 18 publications

References 6 publications

Ethical issues in international buyer–supplier relationships: a dyadic examination

Ethical issues in international buyer–supplier relationships: a dyadic examination

Determinants of Bribery in International Business: The Cultural and Economic Factors

Risky Investments: How Local and Foreign Investors Finesse Corruption-Rife Emerging Markets

Contact Info

Product

Resources

About