Organizational isomorphism and corruption in financial institutions. An empirical research in emerging countries

Bertrand Venard () and Mohamed Hanafi ()
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Bertrand Venard: Audencia Recherche - Audencia Business School
Mohamed Hanafi: ONIRIS - École nationale vétérinaire, agroalimentaire et de l'alimentation Nantes-Atlantique, StatSC - Statistique, Sensométrie et Chimiométrie - ONIRIS - École nationale vétérinaire, agroalimentaire et de l'alimentation Nantes-Atlantique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: The globalizations of capital markets in the last 20 years has led to a historic degree of financial integration in the world. It is clear, however, that globalization is not conducive to a complete homogeneity of financial markets and institutions. Among others, one element of diversity is the importance of the impact of corruption in emerging countries. Corruption decreases the credibility of financial institutions and markets. Scandals and unethical behavior in financial institutions erode confidence in such firms. Relying on neoinstitutional literature, this article focuses on the link between corruption and organizational isomorphism in financial institutions in emerging countries. Therefore, our aim is to examine the institutional reasons for corruption in financial institutions in emerging countries. Our structural equation model is based on empirical research in financial institutions in emerging countries. A questionnaire was administrated to 70 top executives of financial institutions in 18 different emerging countries.

Keywords: Corruption; Emerging countries; Financial institutions (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (27)

Published in Journal of Business Ethics, 2008, 81 (2), pp.481-498. ⟨10.1007/s10551-007-9519-9⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00765483

DOI: 10.1007/s10551-007-9519-9

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