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This paper documents novel evidence on the influence of political incentives in the regulatory enforcement of foreign bribery. Using exogenous variation in the timing and geographic location of U.S. Congressional elections, we find that the probability of a Foreign Corrupt Practices Act (FCPA)...
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This chapter focuses on private firms' compliance with norms concerning transnational bribery. It begins with an overview of the regulatory context and obstacles to effective enforcement norms against transnational bribery. It then reviews how compliance is defined, how it ought to be defined,...
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players such as the United States. Furthermore, it will highlight that as it stands, anti-corruption legislation places …
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Increasingly, there is awareness that corruption and human rights are intimately connected. However, the debates and …. This article argues that companies must see combating corruption and promoting human rights as connected and complementary … moral duties in the countries where they operate. MNCs know (or should know) that corruption greatly impacts their ability …
Persistent link: https://www.econbiz.de/10014149187
This paper documents novel evidence on the influence of political incentives in the regulatory enforcement of foreign bribery. Using case-level data from the U.S. Securities and Exchange Commission and U.S. Department of Justice, we find strategic discretion in the timing of enforcement in the...
Persistent link: https://www.econbiz.de/10013309914
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