The Foreign Corrupt Practices Act: The Failure of the Self-Regulatory Model of Corporate Governance in the Global Business Environment
The American regulatory model of corporate governance rests on the theory of self-regulation as␣the most effective and efficient means to achieve corporate self-restraint in the marketplace. However, that model fails to achieve regular compliance with baseline ethical and legal behaviors as evidence...
| Main Author: | |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2009
|
| In: |
Journal of business ethics
Year: 2009, Volume: 88, Issue: 4, Pages: 615-661 |
| Further subjects: | B
Corporate governance
B Foreign Corrupt Practices Act B Global Ethics B Bribery B rational-choice theory B Self-regulation |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000caa a22000002 4500 | ||
|---|---|---|---|
| 001 | 1785671243 | ||
| 003 | DE-627 | ||
| 005 | 20230710121336.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 220112s2009 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10551-008-9966-y |2 doi | |
| 035 | |a (DE-627)1785671243 | ||
| 035 | |a (DE-599)KXP1785671243 | ||
| 035 | |a (DE-He213)s10551-008-9966-y-e | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |2 ssgn | ||
| 100 | 1 | |a Weismann, Miriam F. |e VerfasserIn |4 aut | |
| 245 | 1 | 4 | |a The Foreign Corrupt Practices Act: The Failure of the Self-Regulatory Model of Corporate Governance in the Global Business Environment |
| 264 | 1 | |c 2009 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a The American regulatory model of corporate governance rests on the theory of self-regulation as␣the most effective and efficient means to achieve corporate self-restraint in the marketplace. However, that model fails to achieve regular compliance with baseline ethical and legal behaviors as evidenced by a century of repeated corporate debacles, the most recent being Enron, WorldCom, and Refco. Seemingly impervious to its domestic failure, Congress imprinted the same self-regulation paradigm on legislation restraining global business behavior, the Foreign Corrupt Practices Act. This anti-bribery initiative prohibits unethical and illegal payments made to foreign public officials in an effort to eradicate bribery as a rational-choice global market entry strategy. However, this paper illustrates, using newly complied statistics from 1977 to 2008, that the FCPA has not had a dramatic impact on U.S. global corporate behavior despite its recent high profile coverage and the tough regulatory rhetoric about corporate compliance. The paper also extends the prior Cragg and Woof FCPA efficiency study and provides current empirical evidence to resolve several unanswered questions raised by that earlier study. | ||
| 601 | |a Environment | ||
| 650 | 4 | |a rational-choice theory | |
| 650 | 4 | |a Self-regulation | |
| 650 | 4 | |a Bribery | |
| 650 | 4 | |a Global Ethics | |
| 650 | 4 | |a Foreign Corrupt Practices Act | |
| 650 | 4 | |a Corporate Governance | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht : Springer, 1982 |g 88(2009), 4, Seite 615-661 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnns |
| 773 | 1 | 8 | |g volume:88 |g year:2009 |g number:4 |g pages:615-661 |
| 856 | |3 Volltext |u http://www.jstor.org/stable/40295024 |x JSTOR | ||
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-008-9966-y |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 935 | |a mteo | ||
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4033730141 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1785671243 | ||
| LOK | |0 005 20220112043929 | ||
| LOK | |0 008 220112||||||||||||||||ger||||||| | ||
| LOK | |0 035 |a (DE-Tue135)IxTheo#2021-12-30#ED5971FE5DCB3DFDAEBB1CC1622245EA62C1B6EF | ||
| LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-Tue135 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 866 |x JSTOR#http://www.jstor.org/stable/40295024 | ||
| LOK | |0 935 |a ixzs |a ixrk |a zota | ||
| ORI | |a SA-MARC-ixtheoa001.raw | ||
| STA | 0 | 0 | |a Corporate governance,Corporate control |
| STB | 0 | 0 | |a Gouvernement d'entreprise |
| STC | 0 | 0 | |a Gobierno corporativo |
| STD | 0 | 0 | |a Corporate governance,Governo d'impresa,Governo d'impresa |
| STE | 0 | 0 | |a 企业管理,商团治理,公司治理 |
| STF | 0 | 0 | |a 企業管理,商團治理,公司治理 |
| STG | 0 | 0 | |a Governança corporativa |
| STH | 0 | 0 | |a Корпоративное управление |
| STI | 0 | 0 | |a Εταιρική διακυβέρνηση,Corporate governance |
| SYE | 0 | 0 | |a Unternehmenskontrolle,Unternehmensüberwachung |