Work

Corruption in international business: A review and research agenda

Year: 2019
Type: article
Study design: Systematic Review
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.
Language: English
Open Access status: hybrid
Estimated APC paid: $1,800
OpenAlex ID: W2996946606
FWCI: 63.94
Cites: 181
Cited by: 398
Related to: 10