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Abstract

Details

Fighting Corruption in the Public Sector
Type: Book
ISBN: 978-1-84950-857-5

Open Access
Article
Publication date: 23 May 2022

Xiaofang Ma, Wenming Wang, Gaoguang Zhou and Jun Chen

This study aims to take advantage of the unprecedented anti-corruption campaign launched in China in December 2012 and examine the effect of improved public governance on…

Abstract

Purpose

This study aims to take advantage of the unprecedented anti-corruption campaign launched in China in December 2012 and examine the effect of improved public governance on tunneling.

Design/methodology/approach

This study uses a sample of Shanghai and Shenzhen Stock Exchange listed companies from 2010 to 2014 and conduct regression analyses to investigate the effect of improved public governance attributed to the anti-corruption campaign on tunneling.

Findings

This study finds that the level of tunneling decreased significantly after the anti-corruption campaign, suggesting that increased public governance effectively curbs tunneling. Cross-sectional results show that this mitigating effect is more pronounced for non-SOE firms, especially non-SOE firms with political connections, firms audited by non-Big 8 auditors, firms with a large divergence between control rights and cash flow rights and firms located in areas with lower marketization.

Practical implications

This study highlights the importance of anti-corruption initiatives in improving public governance and in turn reducing tunneling. This study provides important implications for many other emerging economies to improve public governance.

Originality/value

This study contributes to the literature on the role of public governance in constraining corporate agency problems and advances the understanding of the economic consequences of China's anti-corruption campaign in the context of tunneling.

Details

China Accounting and Finance Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1029-807X

Keywords

Article
Publication date: 24 May 2022

John Saldanha and Gregory DeAngelo

This research uses theoretical perspectives from public choice and public policy to establish and test theory of the combined effects of institutional environments and…

Abstract

Purpose

This research uses theoretical perspectives from public choice and public policy to establish and test theory of the combined effects of institutional environments and bureaucratic corruption on international delivery performance.

Design/methodology/approach

A panel archival dataset is assembled from multiple public databases to test hypotheses based on public policy, public choice and supply chain theory using a fixed effects model.

Findings

The authors' theory demonstrates that institutional environments as constituted by the level of regulatory trade barriers and legal system effectiveness combined with bureaucratic corruption can influence the timeliness of international deliveries.

Research limitations/implications

This research extends public choice and public policy with the insight that regulatory institutions' bark is not bad without the bite of effective legal institutions. The research uses archival data collected in mass surveys with data aggregated at the country level that can be unduly affected by selection effects, perceptual data, and unobserved underlying mechanisms.

Practical implications

The results of this research can be used to inform supply chain managers working in trade compliance to be aware of the costs and effects on logistics performance that result from encountering different institutional environments and the concomitant corruption.

Originality/value

This is the first investigation of the complex and significant interaction effects of institutional environments and corruption on international delivery performance.

Details

The International Journal of Logistics Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0957-4093

Keywords

Article
Publication date: 11 May 2022

Nur Hazirah Ahamad Kuris, Mohd Zamre Mohd Zahir, Hasani Mohd Ali and Muhamad Sayuti Hassan

Corporate gift-giving and hospitality are some of the high-risk areas for corruption. This paper aims to see comparisons between the Malaysian Ministerial Guidelines and…

Abstract

Purpose

Corporate gift-giving and hospitality are some of the high-risk areas for corruption. This paper aims to see comparisons between the Malaysian Ministerial Guidelines and the UK Guidance and to analyse whether the guideline in Malaysia is adequate in dealing with corporate gift-giving and hospitality.

Design/methodology/approach

The methodology used in this paper is qualitative research which is based on data collection through online searches, legal databases, information obtained from articles, books, statutes and related government publications.

Findings

The findings show that the statutory guideline in Malaysia is immature, still not adequate, and lacks detailed regulations in determining gifts and hospitality as corruption (unclear boundary), as compared to the UK law which is more detailed.

Originality/value

This paper explains on comparison of corporate gift giving and hospitality practise in Malaysia and the UK based on the statutory guidelines.

Details

Journal of Money Laundering Control, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1368-5201

Keywords

Article
Publication date: 13 May 2022

Apostolos Christopoulos, Ioannis Dokas, Christos Leontidis and Eleftherios Spyromitros

This paper attempts to investigate the effect of corruption on the real and accrual earnings management of target firms in the process of mergers and acquisitions.

Abstract

Purpose

This paper attempts to investigate the effect of corruption on the real and accrual earnings management of target firms in the process of mergers and acquisitions.

Design/methodology/approach

The sample includes target firms from the European area that participate in mergers or acquisitions announced during 2010–2020. The preliminary empirical part estimates the level of earnings management during the period two years before the deal's announcement to identify whether the sample follows the manipulation behavior that the literature suggests for target firms. The primary empirical analysis focuses on the impact of corruption on real and accrual-based earnings management proxies, employing regression models and two alternative proxies for corruption. The existing literature points out that the combination of low levels of corruption and an integrated legal system reduces earnings manipulation.

Findings

The findings provide strong evidence for systematic downwards accounting manipulation practices, whereas the findings for real earnings management are not significant. The findings of the main empirical part show that corruption is positively associated with accrual-based manipulation and negatively related to real earnings management. In essence, in economies with a high level of transparency, managers adopt the manipulation of operating activities as a less detectable practice of earnings management instead of engaging in accounting procedures.

Originality/value

This study contributes to the literature highlighting the diversification of these firms' manipulation strategies according to the national level's corruption status.

Details

EuroMed Journal of Business, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1450-2194

Keywords

Article
Publication date: 31 December 2015

Manuel Castelo Branco and Dina Matos

– The purpose of this paper is to analyse the disclosure of information on the fight against corruption in the sustainability reports of Portuguese companies.

879

Abstract

Purpose

The purpose of this paper is to analyse the disclosure of information on the fight against corruption in the sustainability reports of Portuguese companies.

Design/methodology/approach

Anti-corruption disclosure in the sustainability reports for 2009 of Portuguese firms, published on the website of the Portugal’s Business Council for Sustainability Development, is analysed. Three hypotheses are tested about associations between such disclosure and firm-specific variables.

Findings

Companies with a high visibility in terms of risk of corruption (companies in sectors with higher risk and government-owned companies) and companies that engage in association with the United Nations Global Compact seem to exhibit greater concern to improve the corporate image through disclosure.

Research limitations/implications

There may be content analysis issues associated with subjectivity in the coding process and the use of a limited content analysis method.

Originality/value

This paper adds to the scarce research on the fight against corruption in corporate social responsibility and the reporting thereof by providing new empirical data.

Details

Journal of Financial Crime, vol. 23 no. 1
Type: Research Article
ISSN: 1359-0790

Keywords

Article
Publication date: 1 January 2013

Lishan Ai

The purpose of this conference paper is to provide a contextual and better understanding of the nexus between corruption and money laundering, in order to enhance the role…

1605

Abstract

Purpose

The purpose of this conference paper is to provide a contextual and better understanding of the nexus between corruption and money laundering, in order to enhance the role of anti‐money laundering (AML) in combating corruption.

Design/methodology/approach

This paper analyses the key elements of the linkage between AML and anti‐corruption, and provides Australia and China as examples, demonstrating the potential importance of using AML to combat corruption.

Findings

It is found that apart from the main financial sectors, designated non‐financial sectors and high‐risk customers involved businesses are also vulnerable for money laundering, such as non‐financial designated business and professions, and politically exposed persons. In the meantime, these factors are regarded as the key points to combat corruption.

Originality/value

This paper highlights the corruption risks hidden in designated non‐financial business and professionals, and the risks of laundering the proceeds of corruption by politically exposed persons and financially exposed persons (FEPs).

Details

Journal of Money Laundering Control, vol. 16 no. 1
Type: Research Article
ISSN: 1368-5201

Keywords

Article
Publication date: 22 May 2020

Vicente Humberto Monteverde

The purpose of this paper is to establish a microeconomics model of corruption based on the behavioural sciences.

Abstract

Purpose

The purpose of this paper is to establish a microeconomics model of corruption based on the behavioural sciences.

Design/methodology/approach

The methodology is a practical exploration, first in the convergence of the economics of corruption and the behavioural sciences; based on these conclusions, the microeconomic model of corruption is formulated.

Findings

The paper concludes in a model of the microeconomics of corruption.

Research limitations/implications

There are no limitations in the model.

Practical implications

The practical implications are calculating the rent for corruption in the different scenarios.

Social implications

The social implications are knowing the income from corruption.

Originality/value

To the best of the authors’ knowledge, this paper is original, and there is no microeconomics model of corruption formulated in the academic field, only in this work.

Details

Journal of Financial Crime, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1359-0790

Keywords

Article
Publication date: 12 June 2009

Vincent G. Fitzsimons

This paper aims to present an analysis of the nature and determinants of corruption, using recent data to clarify the nature of the corruption phenomenon and answer the…

2021

Abstract

Purpose

This paper aims to present an analysis of the nature and determinants of corruption, using recent data to clarify the nature of the corruption phenomenon and answer the question of whether corruption can categorically be said to be a problem requiring public sector reform, or is a consequence of it.

Design/methodology/approach

The paper analyses data on corruption in relation to the timing of the introduction of public sector reform in recent economic transitions, and examines the persistence of increased corruption following the introduction of reforms.

Findings

The theoretical model suggests that events that negatively affect administrators in positions of trust create some reactive tendency towards corruption, and this is supported by the evidence from transition economies. There is a significant increase in corruption following transitional economies' public sector reform, and this demonstrates an unusual degree of persistence even after general institutional reforms have been completed.

Research limitations/implications

Further research could try alternative measures of corruption, instead of “perceptions” data analysed here, and examine the strength of persistence across a larger set of countries to test the confounding effect of other institutional reforms in the transition countries examined.

Practical implications

The costs of new public management reform programmes are broader than is currently suggested, and significant short‐ to medium‐term deterioration might be expected in the aftermath of reform.

Originality/value

The paper provides a new approach to corruption research examining the importance of the corruption “tipping points” of individual administrators and how these are significant in modelling corruption.

Details

Journal of Management Development, vol. 28 no. 6
Type: Research Article
ISSN: 0262-1711

Keywords

Article
Publication date: 8 May 2018

Prosper Simbarashe Maguchu

The purpose of this paper is to highlight the shortfalls of the legal definition of corruption in Zimbabwe.

Abstract

Purpose

The purpose of this paper is to highlight the shortfalls of the legal definition of corruption in Zimbabwe.

Design/methodology/approach

Defining corruption is a universal challenge. Thus, in reviewing Zimbabwes definition, this paper also draws on other common law system jurisdictions based on English traditions and Sharia law to make a comparative analysis. The paper also takes a multi-disciplinary approach that transcend fields of law and anthropology.

Findings

Although criminal law can be used as the normative basis in the fight against corruption, it can also be used by the powerful to shield themselves from corruption, through its indeterminacy and interpretation. Be this as it may, real and firm law can assist in curbing the vice.

Research limitations/implications

The paper’s purview is limited both in terms of subject and scope. Although it starts by considering the definition of corruption to get a broad overview of this subject, it mainly focuses on the meaning of two popular concepts that are popularly identified with our understanding of corruption – abuse of power and public office.

Originality/value

The paper tries to establish a framework for understanding and curbing corruption through the use of statutory law.

Details

Journal of Financial Crime, vol. 25 no. 2
Type: Research Article
ISSN: 1359-0790

Keywords

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