Corruption in International Business: The Challenge of Cultural and Legal Diversity (Corporate Social Responsibility)

It is common practice to assume that business practices are universally similar. Business and social attitudes to corruption, however, vary according to the wide variety of cultural norms across the countries of the world. International business involves complex, ethically challenging, and sometimes threatening, dilemmas that can involve political and personal agendas."Corruption in International Business" presents a broad range of perspectives on how corruption can be defined; the responsibilities of those working for publicly traded companies to their shareholders; and the positive influences that corporations can have upon combating international corruption. The authors differentiate between public and private sector corruption and explore the implications of both, as well as methods for qualifying and quantifying corruption and the challenges facing policy makers, legal systems, corporations, and NGOs, as they seek to mitigate the effects of corruption and enable cultural and social change. Contents......Page 6 List of Figures......Page 8 List of Tables......Page 10 Preface......Page 12 Contributors......Page 14 1 Introduction: What Corruption is and Why it Matters......Page 18 2 Government for Hire......Page 32 3 When Shareholders Lose (or Win) through Corruption......Page 48 4 The Good and Evil Faces of Foreign Investment......Page 64 5 Quantifying the Immeasurable......Page 78 6 Critiquing the Indicators of Corruption and Governance......Page 98 7 Corruption in Chinese Sports Culture......Page 108 8 Exploring Corruption in the Petroleum Sector......Page 116 9 Risk Management – Playing By the Rules......Page 130 10 Changing the Rules: How the Transition Economy of Kyrgyzstan is Reforming Public Corruption......Page 146 11 An Institutional Approach to Understanding Corruption in BRIC Countries......Page 160 12 Private-Sector Incentives for Fighting International Corruption......Page 180 13 Conclusion......Page 192 Appendix I......Page 200 Appendix II......Page 208 Bibliography......Page 228 Index......Page 256 It is common practice to assume that business practices are universally similar. Business and social attitudes to corruption, however, vary according to the wide variety of cultural norms across the countries of the world. International business involves complex, ethically challenging, and sometimes threatening, dilemmas that can involve political and personal agendas. Corruption in International Business presents a broad range of perspectives on how corruption can be defined; the responsibilities of those working for publicly traded companies to their shareholders; and the positive influences that corporations can have upon combating international corruption. The authors differentiate between public and private sector corruption and explore the implications of both, as well as methods for qualifying and quantifying corruption and the challenges facing policy makers, legal systems, corporations, and NGOs, as they seek to mitigate the effects of corruption and enable cultural and social change. Introduction: what corruption is and why it matters Government for hire When shareholders lose (or win) through corruption The good and evil faces of foreign investment Quantifying the immeasurable Critiquing the indicators of corruption and governance Corruption in Chinese sports culture Exploring corruption in the petroleum sector Risk management : playing by the rules Changing the rules An institutional approach to understanding corruption in BRIC countries Private sector incentives for fighting international corruption Conclusion.

It is common practice to assume that business practices are universally similar. Business and social attitudes to corruption, however, vary according to the wide variety of cultural norms across the countries of the world. International business involves complex, ethically challenging, and sometimes threatening, dilemmas that can involve political and personal agendas.

Corruption in International Business presents a broad range of perspectives on how corruption can be defined International business involves complex, ethically challenging, and sometimes threatening, dilemmas that can involve political and personal agendas. As a result, it can often be difficult to discern corruption against what may be a different set of cultural norms. In this book, Sharon Eicher examines corruption as it pertains to the business sector and the campaigns in emerging markets to curb corruption in both public and private sectors