Description
Book SynopsisFor 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.
Trade ReviewContributors from a wide range of business sectors summarize corrupt practices in general and more particularly in different business sectors from an ethical perspective. They cover what organizational corruption is; 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 cultural phenomena, and viable and non-viable methods for corruption reform. Then they survey corruption in governments and in such businesses as information technology, banking, health care, pharmaceuticals, construction, sports, and the media. -- Annotation ©2017 * (protoview.com) *
Table of ContentsPart 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
