The Impact of Corruption on the Business in Bulgaria and Romania

Krastev, Vladislav; Koyundzhiyska-Davidkova, Blagovesta; Atanasova, Irina

doi:10.2478/kbo-2019-0057

Cited by 4 publications

(2 citation statements)

References 5 publications

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“…Because companies operating in countries such as Hungary, Romania, Bulgaria and Slovenia are exposed to corruption, international managers must identify ways of protecting their businesses (Krastev et al , 2019). The Romanian Anti-Corruption Directorate (DNA) investigates medium and high-profile corruption cases, including the misuse of EU allowances (minor crimes are managed through tribunals conducted via the Prosecutor’s Office).…”

Section: Corruption In Eastern European Countriesmentioning

confidence: 99%

International management amid fake news and corruption

Teichmann¹,

Boticiu²,

Sergi

2022

JFC

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Purpose This study aims to illustrate how bribery and fake news in Eastern European countries can affect businesses across Europe. Countries such as Romania, Bulgaria, Slovenia and Hungary represent sizeable and potential markets. Thanks to their European Union membership and low labor costs, these markets could offer many investment opportunities to international managers. Consequently, this study focuses on the challenge of corruption encountered by international managers and the necessary precautions before committing financial resources to these countries. Design/methodology/approach For this study, 10 informal interviews with presumed providers of illegal services were used to investigate the previously unexplored innovative research question. Informal interviews were conducted with individuals who can be assumed to have experience or knowledge in the field of corruption in multinational corporations. Findings The results show the potential impact of corruption on international managers in Eastern Europe. Originality/value This study contributes to the literature by examining two forms of corruption: bribing journalists to publish fake news to harm commercial rivals and bribing public officials to manufacture legal proceedings against business competitors. The following will also highlight how a corrupt judicial system can have implications abroad and what problems this may raise for mutual legal assistance.

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Section: Corruption In Eastern European Countriesmentioning

confidence: 99%

International management amid fake news and corruption

Teichmann¹,

Boticiu²,

Sergi

2022

JFC

View full text Add to dashboard Cite

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“…Dibanyak negara, tempat yang paling utama menjadi sasaran tindak korupsi adalah pengadaan barang dan jasa (Kurniawan & Pujiyono, 2018). Pemerintah selalu menyediakan anggaran terbesar dari belanja negara pada pengadaan barang dan jasa (Krastev et al, 2019). Pada umumnya setengah dari pengeluaran belanja negara, digunakan untuk keperluan tersebut.…”

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Akuntabilitas Layanan Masyarakat Berbasis Media Desa Guna Pencegahan Korupsi

Hamson,

Hasan,

Mukhlishah

et al. 2023

COMMUSER EMPO ENGA

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Village, based on the general definition, is the agglomeration of settlements in rural areas (rural). Indonesia places villages in a government administrative area, under sub-districts, and is led by a village head. Law Number 22 Year 1999; Village is a legal community unit that has the authority to regulate and manage the interests of the local community based on local origins and customs. Village financing comes from the State Revenue and Expenditure Budget (APBN) transferred through the district / city Regional Revenue and Expenditure Budget (APBD), and is called the Village Fund. Indonesia Corruption Watch (ICW) recorded 46 cases of corruption in the village budget in 2019. After making observations, also Focus Group Discussions (FGD), interviews with village heads, listening to community information, it is deemed necessary to implement extension activities. For this reason, Community Service activities by a team of lecturers at the University of East Indonesia (UIT) in the hope that the village will be free from corruption

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Old and New in Business Ethics Theory

Stavrova

2020

BEL

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This paper aims to show the need to study both classical and modern theories in business ethics. It is necessary because social relations in production change, as do production conditions, the relationship between owners and workers, employees. The aim of the article is also to demonstrate the possible deviations from the natural, basic principles of ethical behavior in business and to look for opportunities to regulate them and limit the opportunities for their manifestation. This study has an epistemological character, dedicated to studying the evolution of fundamental ethical theories explaining the interaction between subjects in the ethical ecosystem. In developing the article, descriptive analysis was used to identify, analyze, and summarize the main features of poodle theories in business ethics. This paper has its theoretical basis of a rich category of tools and classical theories in aesthetics; new business ethics theories are being developed as an inalienable part of the ethical ecosystem. The evolution of the productive forces has had its irreversible impact on the ethical relations in the social system and on each business unit as a whole. The interrelations between the main religions professed by mankind − Christianity, Judaism and Islamic religion with the main category assessing the return on investment, namely the interest rate, are analyzed. The conclusions have been drawn about this type of income in the older religions and newer religions. Basic new business ethics theories are analyzed, such as the Theory of moral hazard, Agency Theory, Diamond’s Theory of delegated monitoring, Rent-Seeking. Research on the evolution of basic business economics theories is usually done based on theoretical analysis and much less based on specific business cases. Here is presented the manifestation of modern theories in business ethics, particular cases of changes in the state of business ecosystems and possibility that basis can also serve as a legal and regulatory initiative to precisely regulate these deviations and their sanction. The chosen form of research is sharing the opinions of the author of the study. In this article, the author seeks the connection, the integration of ethics in the functioning of the business system due to the severance of the direct relationship between owners and employees and the emergence of intermediaries as agents to whom decision-making rights are delegated. The severance of this relationship is at the heart of the evolutionary development of the ethical business side in the context of existing constraints. Keywords: Business Ethics, Moral Hazard, Rent-Seeking, Diamond Theory, Agency Theory.

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The Impact of Corruption on the Business in Bulgaria and Romania

Cited by 4 publications

References 5 publications

International management amid fake news and corruption

International management amid fake news and corruption

Akuntabilitas Layanan Masyarakat Berbasis Media Desa Guna Pencegahan Korupsi

Old and New in Business Ethics Theory

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