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Exploring the Connection between Corruption and Corporate Governance

Author

Listed:
  • Maria-Alina CarataÈ™

    (The Bucharest University of Economic Studies)

  • Elena-Cerasela Spătariu

    (“Ovidius†University of Constanta)

  • Gabriela Gheorghiu

    (“Ovidius†University of Constanta)

Abstract

The article analyses the relation between the corporate governance requirements and the corruption phenomenon, explaining how by respecting or ignoring certain aspects of governance and disclosure, might have a fundamental significance in the fight for combating the corruption behaviours or encourage them. The research problem is finding the correlation between corruption and the quality of the corporate governance system. We proved that assuming the conjunction of the cultural dimensions power distance indicator, uncertainty avoidance and short-term orientation in the same society is a red flag for corruption thriving in the respective country is true.

Suggested Citation

  • Maria-Alina CarataÈ™ & Elena-Cerasela Spătariu & Gabriela Gheorghiu, 2020. "Exploring the Connection between Corruption and Corporate Governance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 266-272, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:266-272
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    More about this item

    Keywords

    corporate governance; anti-corruption policies; corruption; compliance; Hofstede;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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