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Corruption in international business: A review and research agenda

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  • Bahoo, Salman
  • Alon, Ilan
  • Paltrinieri, Andrea

Abstract

We systematically reviewed the literature on corruption in international business (137 articles) for the last 17 years between 1992 and 2019. Additionally, we identified seven research streams in this growing literature: (1) the legislation against corruption, (2) the determinants of corruption, (3) combating corruption, 4) the effect of corruption on firms, (5) the political environment and corruption, (6) corruption as a challenge to existing theories of management, and (7) the effect of corruption on foreign direct investment and trade. Based on this review, we recommend that strong international laws are needed to minimize the negative impact of corruption on international business. Firms must also consider corruption when formulating strategies to increase operational efficiency and performance. Finally, corruption challenges some key assumptions of existing theories of management. Scholars need to test and expand these existing theories by considering corruption as an important issue in international business.

Suggested Citation

  • Bahoo, Salman & Alon, Ilan & Paltrinieri, Andrea, 2020. "Corruption in international business: A review and research agenda," International Business Review, Elsevier, vol. 29(4).
  • Handle: RePEc:eee:iburev:v:29:y:2020:i:4:s0969593119309473
    DOI: 10.1016/j.ibusrev.2019.101660
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    More about this item

    Keywords

    Corruption; Bribery; International business; Politics; Bibliometric analysis; Meta-literature review; Firms; Content analysis;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • B17 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - International Trade and Finance
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory

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