The essay helps in the entire analysis of bribery practices which is included in the decision-making process in the contemporary business. The respective paper will be discussing and addressing the significant kind of gap in the current management wherein dealing with bribery is a huge pressure.
Bribery along with embezzlement are the two major facts of performing the business in different places and the political and business scandals in USA, Japan and Europe are the major testimony to this respective (Abbink & Wu, 2017). The main aim of the paper is to analyse along with investigation of the effect of bribery on the performance of the firm along with providing quantitative kind of estimates of the same on the performance of the firm as well.
Graycar, (2015) has commented that in the past few decades, there has been significant body of literature which helped in analysing the empirical relation between the bribery along with the performance of the firm. The author has commented that bribery is making huge negative impact on the performance of the firm along with the different economic aspects of the economies in the emerging economies and democratic countries of the world as well. For instance- Della Porta (2017), has opined that The World Bank has tried in identifying that the bribery is one of the greatest obstacles on performance of the firm and this affects the overall productivity and brand image of the firm as well.
On the other hand, Sampath and Rahman, (2018), has hypothesised that bribery is one of the reasons in which this is distorting the legal system of the country and this is leading to the weakening of the foundation of the institutions as well. Furthermore, International Monetary Fund helps in stating that bribery is economic in nature as this directly impacts the economic structure of the country for instance the bad kind of governance disturbs the economic activity along with performance of the firm as well. Additionally, Banerjee (2016), has hypothesised that one of the major indicators of corruption is the failure of the government and in the long run, this has been seen and identified that enticement deter various mental kinds of impact on performance of the firm. On the contrary, Dunfee and Donaldson (2017), has hypothesised and opined that while preparing the different kinds of policies for the company, the long-term effect is provided with more significance less than short term effects on the different activities of the firm.
As per Ali, Khan and Khalid (2016), enticement is endured as one of the most pervasive types of corruption in the contemporary business. The different nations try the utmost as to prohibit corruption and try to punish the different participants and contributors. There are different kinds of antibribery campaigns which were unsuccessful in nature have tried in addressing the different symptoms and not the underlying institutional pathology. On the other hand, Krammer (2017), has commented and hypothesised that there are various other antibribery kind of campaigns are being aimed at eliminating the political kind of competition and not the corruption.
Moreover, this has been seen that there are various kinds of corruption, inducement has tried in receiving huge attention from literature and the international community as well. From various surveys which have been conducted, this has been noticed that more than 29 nations of the organization of economic corporation and development (OECD) have tried and agreed to a specific kind of treaty which helped in outlawing corruption of the different foreign government officials. On the other hand, Jong, Tu and Ees (2015), has commented that bribery is being defined as the giving any article of the value to foreign government officials or omission of the performance of the public functions of the different officials.
With the help of the theoretical framework (Refer to Appendix 1), this can be analysed that the different kinds of corrupt exchanges between the public officials along with the business managers are being sustained through different network of middlemen, politicians or businesses. Faliszewski and Rothe (2016), has commented from their extensive research of bribery in Italy that corruption or the significant kind of form which is bribery operates in a successful manner as there is complex web of the relationships between the different kinds of public officials and middlemen and the flow of information is being done in such manner.
There are different kinds of potential impacts or effects of the bribery on the different contemporary organizations. This has been noticed by Bonneau, Felten, Goldfeder, Kroll and Narayanan (2016), there are different kinds of negative impacts of bribery which is inclusive of distorting spending of the public along with discouraging the growth and environment and this undermines the efficiency along with there will be comprise in the quality of the governance as well.
On the contrary, Birhanu, Gambardella and Valentini (2016), has postulated that financial kind of crimes which are occurring in different kinds of organizations and in the developing economies, this has been seen that corruption has negatively affected the lives of the various citizens of third world countries. The different kinds of targeted sanctions are being applied and used effectively for directing the different individuals along with companies.
According to Rose-Ackerman and Palifka (2016), the far-fetched trade barriers and restrictions in the different key kind of commodities can compel the different types of entities to change from the different kinds of corrupted and bribery behaviours as well. On the other hand, this has been seen and identified that comprehensive economic kinds of sanctions can create indiscriminate impact and effect on the country which will impact the civilian populations in the third countries.
As per Douglas (2016), there are various kinds of consequences of inducement in the contemporary business and the most devastating consequences of the bribery is not the cost of the bribes, however this is the distortions which is being unlashed between economic along with political systems. For instance- This can be seen and identified that bribes compromise the overall efficiency in allocation of the different resources of the state. Furthermore, Birhanu, Gambardella and Valentini (2016), has hypothesised and commented that there are different other inefficiencies can take place when the officials in the organization will increase the different kinds of regulations along with delays as means of the inducing additional kinds of payoffs.
For instance- The BBC investigation in the year 2015 has helped in revealing that British American Tobacco organization was hugely involved in paying huge bribes to the different politicians along with the different civil servants in different East African countries. One of the employees named Paul Hopkins who was working with BAT for 13 years has shared with the various experiences about the various corrupt activities of the organization.
There were different secret documents and papers were revealed which helped in understanding the different illegal payments made by the company especially the two members along with one former member of WHO framework convention on Tobacco Control. The main aim of the campaign was to reduce the different deaths from illness which is related to tobacco and the individuals even showed the different companies which were paying huge bribes as to undermine the legislation of anti-smoking along with various other parties as well.
From the above instance of BAT, this can be identifying that due to the huge bribery provided by the company to the different politicians or other parties for receiving success and gaining huge profitability in the firm, this causes weakening and slow down of the entire country and this is due to the working ability of the workers has been reduced to a huge extent as well. Every individual in the organization is only hoping for bribe and ignore the proper procedure for performing the tasks. However, there are various theories which have been adopted and this has helped in undermining the rule of democracy and law as well.
As per Bredereck, Chen, Faliszewski, Nichterlein and Niedermeier (2016), it has been hypothesised that lower levels of investment have slowed the development and the growth. The different kinds of policies along with laws which has allowed the discretion among the decision-making capability of the various government officials was required to be reformed as to eliminate the opportunity for collection of the bribe. The different kinds of policies will help in driving wedge between supply along with the demand as this will reduce the entire opportunity of bribery in the business.
Orole, Hunter and Gadar (2015), has opined that the Bribery Act 2010 has been a strong step which has been taken in combatting the various kinds of unethical issues and financial action upon the business. The author has helped in analysing that this act has helped in discouraging the various kinds of criminal behaviour along with raising the awareness of the individuals about the corporate kind of bribery as this will help in readily being identified and properly prosecuted as well. The United Nations Convention against the corruption is the only global instrument which has been designed as to combat and prevent corruption.
Furthermore, Orole, Hunter and Gadar (2015), has opined that there are various countries which have already signed United Nations Convention against the corruption and those countries have adopted anti-corruption policies as well as strategies which has moved to centre stage of corporate planning along with strategy which will create a proper linkage between poverty, crime and lack of sustainable development as well. With the help of these anti bribery programs, this has helped in providing regulatory kind of climate which will assist in preventing corruption wherein bribery is one part of it.
According to Orole, Hunter and Gadar (2015), there are various anti-bribery rules and regulations which are required to be taken into consideration as this will improve the overall process in an efficient manner. Abbink and Wu (2017), has commented that whistleblowing helpline is one of the aspects which can be taken into consideration and this should be made available to the employees working in the organization and the employees are required to be encouraged to use the same as well. Furthermore, the staffs and the different employees in the organization are required to be provided with proper training regarding the various anti-bribery measures along with procedures which will help in managing the differences in an efficient manner.
Moreover, Abbink and Wu (2017), has hypothesised that monitoring and reviewing the different processes which are being used by the different companies are required to be taken into consideration as this will help in managing the bribery practices which are taking place in different organizations. The reinforcement of the different policies on daily basis will assist in becoming deeply ingrained in the minds of the different employees and this will help in eliminating the possible causes of bribery from the market as well.
Conclusion
Therefore, this can be concluded that bribery is one of the hugest concerns under corruption practices and this has affected the overall growth of the different firms in various sectors. Furthermore, from the above literature review, this has been seen and identified that corruption and bribery arose as there was an opportunity for the various bureaucrats to different appropriate public funds wherein the government was misinformed about the quality and the cost of public foods provision.
In conclusion, this can be mentioned that introducing investigative accounting kind of principles along with written code of conducts into the different multinational companies and government machineries will assist in reducing the different kinds of bribery practices to some extent in an efficient manner. the various instances have been taken into consideration which has helped and assisted in managing the various types of risks in an efficient manner without much difficulties. Furthermore, this has been analyzed that bribery can be reduced to a certain extent by implementing various kinds of laws and acts in an efficient manner to gain more significance in the entire market.
References
Abbink, K., & Wu, K. (2017). Reward self-reporting to deter corruption: An experiment on mitigating collusive bribery. Journal of Economic Behavior & Organization, 133, 256-272.
Ali, A., Khan, M. J., & Khalid, S. U. (2016). Theory and Practice of Understanding Corruption in Pakistan Case Study of National Accountability Bureau, KPK.
Banerjee, R. (2016). On the interpretation of bribery in a laboratory corruption game: moral frames and social norms. Experimental Economics, 19(1), 240-267.
Birhanu, A. G., Gambardella, A., & Valentini, G. (2016). Bribery and investment: Firm?level evidence from A frica and L atin A merica. Strategic Management Journal, 37(9), 1865-1877.
Bonneau, J., Felten, E. W., Goldfeder, S., Kroll, J. A., & Narayanan, A. (2016). Why buy when you can rent? Bribery attacks on Bitcoin consensus.
Bredereck, R., Chen, J., Faliszewski, P., Nichterlein, A., & Niedermeier, R. (2016). Prices matter for the parameterized complexity of shift bribery. Information and Computation, 251, 140-164.
Della Porta, D. (2017). Corrupt exchanges: Actors, resources, and mechanisms of political corruption. Routledge.
Douglas, E. A. (2016). The Epidemic of Corruption has been Identified in South Africa, How do We Solve It?.
Dunfee, T. W., & Donaldson, T. J. (2017). Untangling the corruption knot: global bribery viewed through the lens of integrative social contract theory. The Blackwell guide to business ethics, 61-76.
Faliszewski, P., & Rothe, J. (2016). Control and Bribery in Voting.
Graycar, A. (2015). Corruption: Classification and analysis. Policy and Society, 34(2), 87-96.
Jong, G., Tu, P. A., & Ees, H. (2015). The Impact of Personal Relationships on Bribery Incidence in Transition Economies. European Management Review, 1(12), 7-21.
Krammer, S. M. (2017). Greasing the wheels of change: Bribery, institutions, and new product introductions in Emerging Markets. Journal of Management, 0149206317736588.
Orole, F., Hunter, M., & Gadar, K. B. (2015). Transformational leadership and perception of corruption: An empirical examination within the Nigeria police force.
Rose-Ackerman, S., & Palifka, B. J. (2016). Corruption and government: Causes, consequences, and reform. Cambridge university press.
Sampath, V. S., & Rahman, N. (2018). Bribery in MNEs: The Dynamics of Corruption Culture Distance and Organizational Distance to Core Values. Journal of Business Ethics, 1-19.
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Contact Essay is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.
Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order form
Once we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignment
As soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download