Managerial approaches to deal with corruption and bribery in a host country

Achinto Roy

International Journal of Business and Globalisation, 2010, vol. 5, issue 3, 260-272

Abstract: This paper discusses two current managerial approaches in dealing with corruption and bribery in a multinational business context, namely the 'when in Rome approach' and 'the legal compliance approach'. It briefly revisits the impact of corruption on business and society and proposes a third approach, that is, 'stakeholder compliance approach' on part of multinational business managers in dealing with corruption/bribery.

Keywords: corruption; bribery; stakeholders; multinational corporations; MNCs; host countries; management; managers; local customs; corrupt practices; legal compliance; law; business ethics; globalisation. (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbglo:v:5:y:2010:i:3:p:260-272

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