Effects Of Governance On Corporate Ethics: A Cross-Country Investigation

Cristina Boța-Avram ()
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Cristina Boța-Avram: Babeş-Bolyai University, Faculty of Economics and Business Administration

Romanian Economic Journal, 2013, vol. 16, issue 50, 3-26

Abstract: This research paper empirically investigates the extent to which the quality of governance measured through six dimensions developed by World Bank has a positive influence on the corporate ethics, or in other words, the ethical behaviour of firms in their interaction with public officials, politicians and other companies. By using a dual approach, from geographical and income group classification, this study analyses data from official reports issued by World Bank and World Economic Forum for a final sample of 140 countries, trying to highlight the positive relationship that might exist between governance clusters and ethical behaviour of firms. For the purpose of the paper, a multiple regression analysis was performed. The research results confirm that there are strong positive correlations between most of the governance indicators and companies’ ethical behaviour, even if there are some differences between various geographical areas, and also between different income categories economies, in terms of the intensity of this influence

Keywords: ethical behaviour; governance indicators; control of corruption; rule of law; cross-country survey (search for similar items in EconPapers)
JEL-codes: M40 M48 M49 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:16:y:2013:i:50:p:3-26

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