Anti-bribery compliance incentives

Fabian Maximilian Johannes Teichmann

Journal of Financial Crime, 2018, vol. 25, issue 4, 1105-1110

Abstract: Purpose - This paper aims to discuss an innovative approach to eliminating bribery in multinational corporations. In particular, the concept of using incentive systems to fight corruption is assessed. Design/methodology/approach - Based on the analysis of ten formal and ten informal expert interviews with both prevention experts and corrupt employees, a combination of bonus-malus payments is developed. Findings - A performance matrix could be used to incentivize both compliance and productivity. Research limitations/implications - This study’s findings are limited to the perspectives of 20 interviewees. Hence, it is possible that a study with a larger sample conducted in different countries or at a different time would have led to different results. Practical implications - The identification of gaps in existing anti-bribery compliance mechanisms is meant to provide compliance officers and legislators with valuable insights into how undesirable behavior could be prevented. Originality/value - It is found that eliminating the wrong incentives and establishing the right ones could make significant strides in advancing the fight against bribery.

Keywords: Compliance; Bribery; Corruption (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-09-2017-0081

DOI: 10.1108/JFC-09-2017-0081

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