Firm competitiveness and detection of bribery
By: George Serafeim
Contributors: Harvard Business School
Edition: Revised edition
Series: Working paper / Harvard Business School -- 14-012; Working paper (Harvard Business School) -- 14-012
Publisher: Harvard Business School
Published: 2014
Place of publication: Boston
Language: eng
Number of pages: 27
Description: Using survey data collected from senior corporate executives around the world I analyze how detection of bribery impacts firm competitiveness. The data suggest that the most significant impact is on employee morale, followed by business relations and reputation, and then regulatory relations. I find that who initiated the bribery act, how it was detected, and how the firm responded after detection are all associated with the impact on a firm's reputation, business relations, regulatory relations, and employee morale. Internally initiated bribery from senior management is more likely to be associated with a significant impact on firm competitiveness. Bribery detected by the control systems of the firm is less likely to be associated with a significant impact on both business and regulatory relations. Finally, bribery cases where the initiator of the bribery is dismissed are less likely to be associated with a significant impact on firm competitiveness. These results shed light on which organizations' competitiveness is more likely to be affected by the detection of bribery.
Notes: "July 2013. (Revised February 2014.)."--Publisher's Web site.

Includes bibliographical references (page 19).