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Refining contemporary thinking on corruption: bridging insights from political economy to international business

In: Handbook of International Business Policy

Author

Listed:
  • Zhaowei J. Chen
  • Roberto Martin N. Galang
  • Andrew Delios

Abstract

Corruption is commonly defined as the misuse of public power for personal gain. It is an important phenomenon for both academic research in international business (IB) and for policymakers. This chapter reviews the corruption scholarship in IB to clarify how research on corruption has progressed in terms of (i) identifying antecedents to corruption, (ii) developing typologies of corruption, and (iii) understanding the consequences of corruption. We compare research on corruption in IB, as well as related fields such as political economy, to accelerate improvements in management research about (i) how we can better understand corruption and its impacts on MNEs, (ii) how our conceptions of corruption can become more nuanced and acute, and (iii) how we can improve our understanding of how MNEs’ strategic behaviors and government policy instruments can better contend with corrupt environments. This chapter contributes to the development of corruption research and helps our striving to develop a more coherent understanding of the multidimensional and complex nature of corruption.

Suggested Citation

  • Zhaowei J. Chen & Roberto Martin N. Galang & Andrew Delios, 2024. "Refining contemporary thinking on corruption: bridging insights from political economy to international business," Chapters, in: Philippe Gugler & Ana T. Tavares-Lehmann (ed.), Handbook of International Business Policy, chapter 6, pages 102-124, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22160_6
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035308682.00013
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