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Combating Corruption in International Business Transactions

Author

Listed:
  • Marco Celentani
  • Juan-José Ganuza
  • José-Luis Peydró

Abstract

International business transactions pose the problem of deterring bribing of public officials by foreign firms. We first analyse a convention styled after the OECD's 'Convention on Combating Bribery of Foreign Public Officials in International Business Transactions', which requires signatory countries to proceed against firms that have bribed public officials of any foreign country. We then study the case in which the convention requires signatory countries to proceed against firms that have bribed public officials of signatory countries only. We argue that the second type of convention is more likely to ensure the enforcement of penalties. Copyright (c) The London School of Economics and Political Science 2004.

Suggested Citation

  • Marco Celentani & Juan-José Ganuza & José-Luis Peydró, 2004. "Combating Corruption in International Business Transactions," Economica, London School of Economics and Political Science, vol. 71(283), pages 417-448, August.
  • Handle: RePEc:bla:econom:v:71:y:2004:i:283:p:417-448
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    References listed on IDEAS

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    1. Kevin E. Davis, 2002. "Self-Interest and Altruism in the Deterrence of Transnational Bribery," American Law and Economics Review, Oxford University Press, vol. 4(2), pages 314-340.
    2. Celentani, Marco & Ganuza, Juan-Jose, 2002. "Corruption and competition in procurement," European Economic Review, Elsevier, vol. 46(7), pages 1273-1303, July.
    3. Laffont, Jean-Jacques & Tirole, Jean, 1991. "Auction design and favoritism," International Journal of Industrial Organization, Elsevier, vol. 9(1), pages 9-42, March.
    4. Laffont, Jean-Jacques & N'Guessan, Tchetche, 1999. "Competition and corruption in an agency relationship," Journal of Development Economics, Elsevier, vol. 60(2), pages 271-295, December.
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    Cited by:

    1. José Manuel Martins Caetano & António Caleiro, 2005. "Corruption and Foreign Direct Investment:What kind of relationship is there?," Economics Working Papers 18_2005, University of Évora, Department of Economics (Portugal).

    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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