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The United Nations convention against corruption and its impact on international companies

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  • Argandoña, Antonio

    ()
    (IESE Business School)

Abstract

Corruption is a serious economic, social, political and moral blight, especially in many emerging countries. It is a problem that affects companies in particular, especially in international commerce, finance and technology transfer. And it is becoming an international phenomenon in scope, substance and consequences. That is why, in recent years, there has been a proliferation of international efforts to tackle the problem of corruption. One such international cooperative initiative is the United Nations Convention against Corruption, signed in 2003, which came into force in December 2005. This is the first truly global instrument to prevent and combat corruption, built on a broad international consensus. The purpose of this article is to explain the origin and content of the Convention, what it adds to existing international instruments for combating corruption, and its strengths and weaknesses, mainly from the point of view of companies.

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Bibliographic Info

Paper provided by IESE Business School in its series IESE Research Papers with number D/656.

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Length: 22 pages
Date of creation: 06 Oct 2006
Date of revision: 12 Oct 2006
Handle: RePEc:ebg:iesewp:d-0656

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Postal: IESE Business School, Av Pearson 21, 08034 Barcelona, SPAIN
Web page: http://www.iese.edu/
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Keywords: Bribery; Convention against corruption; Corruption; Extortion; International business; United Nations;

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  1. Bryane Michael, 2004. "What Does the UN Convention on Corruption Teach Us About International Regulatory Harmonisation?," Macroeconomics, EconWPA 0406004, EconWPA.
  2. Kimberly Ann Elliott, 1997. "Corruption and the Global Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, Peterson Institute for International Economics, number 12, July.
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Cited by:
  1. Richard Bernardi & Michael Witek & Michael Melton, 2009. "A Four-Country Study of the Associations Between Bribery and Unethical Actions," Journal of Business Ethics, Springer, Springer, vol. 84(3), pages 389-403, February.
  2. Christopher Baughn & Nancy Bodie & Mark Buchanan & Michael Bixby, 2010. "Bribery in International Business Transactions," Journal of Business Ethics, Springer, Springer, vol. 92(1), pages 15-32, March.
  3. Jennifer Chandler & John Graham, 2010. "Relationship-Oriented Cultures, Corruption, and International Marketing Success," Journal of Business Ethics, Springer, Springer, vol. 92(2), pages 251-267, March.
  4. Ren Li, 2013. "Media Corruption: A Chinese Characteristic," Journal of Business Ethics, Springer, Springer, vol. 116(2), pages 297-310, August.

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