|
EconStor >
Universität Passau >
Wirtschaftswissenschaftliche Fakultät, Universität Passau >
Passauer Diskussionspapiere, Volkswirtschaftliche Reihe, Universität Passau >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/55012
|
| | |
| Title: | | On the nature of the corrupt firm: Where to situate liability?  |
| Authors: | | Seubert, Raphaela |
| Issue Date: | | 2005 |
| Series/Report no.: | | Passauer Diskussionspapiere: Volkswirtschaftliche Reihe V-33-05 |
| Abstract: | | Applying the modern Property Rights Approach to depict employment and firm-internal delegation relationships, this paper addresses the question how to prevent corporate bribery. The analysis and the answers that follow take into account interaction effects between firm-internal delegation relationships, the possibly devilish side function of formal corporate ethics efforts (namely to shield firms or superiors from criminal accountability by shifting it onto their subordinate employees), the distribution of criminal liability, and the necessity for courts to rely on available evidence. From the simple theoretical framework, a bundle of implications follows: (l) conditions under which formal corporate ethics guidelines can take on a Janus-faced nature, i.e. lack credibility, (2) suggestions how firms can enhance the credibility of their corporate ethics efforts, (3) starts how to avoid the possible second-order lack of credibility of such credibility-enhancing measures, (4) clear-cut statements as to (a) where criminal liability should be situated within the firm and (b) how corporate and individual liabilities should be combined to both restrain corruption and to sustain the credibility of corporate ethics. These implications allow comparatively evaluating the effectiveness of international anti-corruption laws - specifically the desirability of corporate vs. personal criminal liabilities. |
| Subjects: | | non-verifiable contracts bribery hard-copy evidence delegation mixed incentives exit voice corporate ethics all-for-one victimize Janus-faced corporate liability |
| JEL: | | K42 L20 M12 M14 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Passauer Diskussionspapiere, Volkswirtschaftliche Reihe, Universität Passau
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/55012
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|