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Objective corruption risks – subjective controls – Integrity of Publicly Owned Business Associations, Methodology and Results of the Integrity Survey

Author

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  • Pulay, Gyula
  • Lucza, Anikó

Abstract

In 2017, the State Audit Office of Hungary repeatedly surveyed the integrity of publicly owned business association. Survey data show that the degree of corruption risks at these companies depends essentially on objective factors such as company size, provision of public services, and the amount of public funds used. On the other hand, the strength of the integrity control systems put in place to prevent these risks primarily depends on the owner and/or management of the business association, i.e. on subjective factors. The business associations with the best level of integrity stood out from the rest by carrying out systemic risk analyses and risk management, which also included surveying corruption risks. The survey also confirmed that the level of integrity controls is significantly above average in companies with an independent internal audit function operating in accordance with the professional standards.

Suggested Citation

  • Pulay, Gyula & Lucza, Anikó, 2018. "Objective corruption risks – subjective controls – Integrity of Publicly Owned Business Associations, Methodology and Results of the Integrity Survey," Public Finance Quarterly, Corvinus University of Budapest, vol. 63(4), pages 490-510.
    • Handle: RePEc:pfq:journl:v:63:y:2018:i:4:p:490-510
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    File URL: https://unipub.lib.uni-corvinus.hu/8723/
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    Citations

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    Cited by:

    1. Anita Boros & Csaba Fogarassy, 2019. "Relationship between Corporate Sustainability and Compliance with State-Owned Enterprises in Central-Europe: A Case Study from Hungary," Sustainability, MDPI, vol. 11(20), pages 1-23, October.
    2. Lenka Veselovská & Ján Závadský & Zuzana Závadská, 2020. "Mitigating bribery risks to strengthen the corporate social responsibility in accordance with the ISO 37001," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1972-1988, July.

    More about this item

    Keywords

    integrity; corruption; publicly owned business associations;
    All these keywords.

    JEL classification:

    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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