International management amid fake news and corruption
ISSN: 1359-0790
Article publication date: 27 July 2022
Issue publication date: 1 December 2023
Abstract
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.
Keywords
Citation
Teichmann, F., Boticiu, S.R. and Sergi, B.S. (2023), "International management amid fake news and corruption", Journal of Financial Crime, Vol. 30 No. 6, pp. 1674-1691. https://doi.org/10.1108/JFC-05-2022-0110
Publisher
:Emerald Publishing Limited
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