There are two types of corruptions, namely, business corruption and political corruption (Neelankavil, year unknown) and I mainly focus on business coruption here. In this case, examples of business corruption include: bribing officials, insider trading, tax evasion, and embezzlement, etc. (Neelankavil, year unknown).
Some useful e-resources on business corruption
- A thesis on business corruption: http://bora.nhh.no/bitstream/2330/1400/1/soreide%20tina%202006.pdf
- A framework on international business corruption: http://www.aueb.gr/deos/EIBA2002.files/PAPERS/W74.pdf
- Corruption prevention in HK: http://www.unafei.or.jp/english/pdf/PDF_rms/no56/56-26.pdf
- On anti-corruption strategy: http://www.pwc.com/gx/en/forensic-accounting-dispute-consulting-services/business-case-anti-corruption-programme.jhtml
- Recent development in anti-corruption efforts in Hong Kong: http://www.kwok-manwai.com/Speeches/Recent_Development_in_Anti-corruption_Efforts_in_Hong_Kong.html
In the business realm, corruption very often takes place in major development activities, such as large scale industrial, commercial and infrastructure projects. The main impacts of business corruption are: (i) increase in cost of transactions, (ii) further neglect of business concerns, e.g. quality management problems which include choosing wrong suppliers, and (iii) moral damage, including a breach of trust and damage of firm reputation, etc. (Chan, year unknown).
References
- ICAC: http://www.icac.org.hk/en/home/index.html
- Chan, T. "Corruption prevention - the Hong Kong experience", Resource Material Series No 56, ICAC.
- Corruption defined: http://cartledged.blogspot.com/2006/01/corruption-defined.html
- Dattu, R., Boscariol, J.W. and Goh, T.Y. (2000) "A proactive step against bribery and corruption", Ivy Business Journal, September-October, pp, 72-74.
- Judge, W.Q., McNatt, D.B. and Xu, W. (2011) "The antecdents and effects of national corruption: A meta-analysis", Journal of World Business 46, pp. 93-103.
- Neelankavil, J.P. (year unknown) "International Business Corruption: A Framework of causes, effects, and prescriptions", Zarb School of Business, Hofstra University.
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