Cronyism: a cross-cultural analysis

  title={Cronyism: a cross-cultural analysis},
  author={Naresh Khatri and Eric W. K. Tsang and Thomas M. Begley},
  journal={Journal of International Business Studies},
The devastating economic effects of the Asian financial crisis and US corporate scandals have underscored the need to strengthen corporate governance provisions. Although cronyism has been suggested as a leading cause of the two crises, it has received little attention from scholars. In this paper, we analyze the concept of cronyism and argue that it comes in various guises arising from different motivational bases and power dependence relations. We distinguish cronyism from related constructs… Expand

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