International business is under increasing legal pressure to ensure compliance with legal and other standards on corruption, and thus needs to undertake due diligence on corruption. This paper aims to emphasise that existing sources of information on corruption in specific countries are often limited for interpretative purposes.
Using a number of country studies that look at the causes and legal and institutional responses, as well as other data sources from international agencies, the paper suggests that no one indicator can substantively alert business to the levels and types of corruption in a specific country.
As a preliminary conclusion, the paper proposes that business must undertake more substantive work to understand corruption in a particular country. It also indicates that qualitative sources may be more productive than quantitative sources in providing information that is of use to business in undertaking such work.
The paper highlights the need to stress the need to study corruption in a country context.
Doig, A. (2011), "Numbers, words and KYC: Knowing Your Country and Knowing Your Corruption", critical perspectives on international business, Vol. 7 No. 2, pp. 142-158. https://doi.org/10.1108/17422041111128221Download as .RIS
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