Foreign Corrupt Practices Act: A legal and moral analysis

The author examines the categories of bribes that are prohibited under the Foreign Corrupt Practices Act from the perspective of three significant moral theories: utility, rights and justice. He concludes that the Act does not go too far in demanding ethical behaviors from U.S. business people doing...

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Bibliographic Details
Main Author: Shaw, Bill (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1988
In: Journal of business ethics
Year: 1988, Volume: 7, Issue: 10, Pages: 789-795
Further subjects:B Foreign Market
B Ethical Behavior
B Business People
B Moral Theory
B Economic Growth
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Summary:The author examines the categories of bribes that are prohibited under the Foreign Corrupt Practices Act from the perspective of three significant moral theories: utility, rights and justice. He concludes that the Act does not go too far in demanding ethical behaviors from U.S. business people doing business in foreign markets, therefore, it is not in need of a major revision. With regard to accounting provisions, movement from a reasonableness standard to one of materiality would be appropriate however.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00411027