Who Bribes? Evidence from the United Nations’ Oil-for-Food Program

@article{Jeong2012WhoBE,
  title={Who Bribes? Evidence from the United Nations’ Oil-for-Food Program},
  author={Yujin Jeong and Robert J. Weiner},
  journal={CGN: General Management (Topic)},
  year={2012}
}
How do managers react in an environment where bribery is likely to bring high rewards, but also presents high risks? We examine the supply side (firms’ illicit payments) of bribery in a global setting using the United Nations’ (UN) Oil-for-Food Program, part of UN sanctions on Iraq. Some companies helped Iraq circumvent UN sanctions through bribe payments in the form of illicit surcharges. Our transaction-level analysis of factors affecting bribe payments draws on the economic theory of crime… 

International Bribery Laws and Firm Strategic Behavior: Did the OECD Anti-Bribery Convention Increase Bribery?

The landmark OECD Anti-Bribery Bribery Convention (OECD-ABC) is a recent effort to reduce bribing and corrupt practices within global foreign direct investment. Our previous research shows that firms

What Determines the Return to Bribery? Evidence From Corruption Cases Worldwide

A hand-collected sample of bribery cases from around the world is analyzed to describe how the payment of bribes affects shareholder value and proxies for information disclosure appear significant in explaining these benefits with more disclosure associated with lower benefits.

"Leakage" in International Regulatory Regimes: Did the OECD Anti-bribery Convention Increase Bribery?

When do well-intended regulatory regimes have unintended consequences? We examine one obstacle to successful regulation, “regulatory leakage,” in the context of the OECD Anti-Bribery Convention

State-Owned Enterprises as Bribe Payers: The Role of Institutional Environment

Our paper draws attention to a neglected channel of corruption—the bribe payments by state-owned enterprises (SOEs). This is an important phenomenon as bribe payments by SOEs fruitlessly waste

Greasing the Wheels of Change: Bribery, Institutions, and New Product Introductions in Emerging Markets

Despite the consensus on the negative country-level implications of corruption, its consequences for firms are less understood. This study examines the effect of bribery on the innovative performance

Nonstate Actors and Compliance with International Agreements: An Empirical Analysis of the OECD Anti-Bribery Convention

Abstract International relations scholarship has made great progress on the study of compliance with international agreements. While persuasive, most of this work has focused on states’ de jure

The Importance of International Anti-Bribery Cooperation to Auditors’ Reaction to Foreign Corruption Risk

Auditors are required by the Foreign Corrupt Practices Act and other rules to evaluate the probability that a firm’s management bribes foreign government officials. However, anecdotal evidence

How Much do Firms Pay as Bribes and What Benefits do They Get? Evidence from Corruption Cases Worldwide

We analyze a hand-collected sample of 166 prominent bribery cases, involving 107 publicly listed firms from 20 stock markets that have been reported to have bribed government officials in 52

Bribe Payments and State Ownership: The Impact of State Ownership on Bribery Propensity and Intensity

This study examines the degree of state ownership on corporate bribery. Integrating the theories of state ownership and corporate corruption, we propose that state ownership influences bribery

Threat of Falling High Status and Corporate Bribery: Evidence from the Revealed Accounting Records of Two South Korean Presidents

It is found that the threat of falling high status—that is, the combination of longstanding high social status with current‐period mediocre economic performance relative to that of industry peers—is a statistically and economically meaningful predictor of increases in the amount of large‐scale corporate bribery.
...

References

SHOWING 1-10 OF 85 REFERENCES

Bribery in International Business Transactions

Globalization leads to cross-border business transactions between societies with very different norms and regulations regarding bribery. Bribery in international business transactions can be seen as

The effectiveness of laws against bribery abroad

This paper analyzes the effectiveness of laws against bribery abroad in inducing foreign investors to reduce their investments in corrupt countries. The laws are designed to reduce the supply of

Between demand and supply: Bribery in international trade

The use of kickbacks and illicit payments to win foreign sales is eroding fair trade and undermining good governance around the world. While often seen as discrete acts by unscrupulous businesses,

Deciding to Bribe: A Cross-Level Analysis of Firm and Home Country Influences on Bribery Activity

Local firms in their home countries often engage in behavior that constitutes corruption, at least through some cultural lenses. One such practice is bribery of public officials. This study uses

Determinants of Bribery in Asian Firms: Evidence from the World Business Environment Survey

While it is widely believed that bribery is ubiquitous among Asian firms, few studies have offered systematic evidence of such activities, and the dynamics of bribery in Asian firms have not been

Oil for What?-Illicit Iraqi Oil Contracts and the U.N. Security Council

The Oil-For-Food program was established by United Nations Security Council Resolution 986 in 1995 as a means of providing humanitarian relief to Iraq, which had been under U.N. economic sanctions

Political decentralization and corruption: Evidence from around the world

What Have We Learned About the Causes of Corruption from Ten Years of Cross-National Empirical Research?

▪ Abstract I review recent efforts by political scientists and economists to explain cross-national variation in corruption using subjective ratings, and examine the robustness of reported findings.

Understanding the Demand-Side Issues of International Corruption

AbstractIn global business, business organizations and their representatives frequently encounter corruption and may be the perpetrators, victims, or simply participants in such acts. While
...