The Foreign Corrupt Practices Act (FCPA) had a transformative effect on the operations of United States public companies, prohibiting bribery of foreign officials and requiring adequate internal controls. A pivotal event leading to the new law involved Lockheed’s actions in Germany, notably,...

The adverse effect of corruption has been widely investigated in literature. Corruption is said to hamper both economic and human development. A foe of transparency and ethical business ambiance, corruption promotes a trans-lucid accounting milieu. In this paper we investigate the impact of...

The relationship between corruption and economic activity is a complex one. The purpose of this study is to examine the relationship in selected countries between level of corruption and economic activity, using data obtained from the Organization of Economic Cooperation and Development (OECD)...