GOVERNMENT CORRUPTION AND THE ENTRY STRATEGIES OF MULTINATIONALS

Government Corruption And The Entry Strategies Of Multinationals



Government Corruption And The Entry Strategies Of Multinationals

Corruption occurs where private wealth and public power overlap. It represents the illicit use of willingness-to-pay as a decision-making criterion. Frequently, bribes induce officials to take actions that are against the interests of their principals, who may be bureaucratic superiors, politically appointed ministers, or multiple principals such as the general public. Pathologies in the agency/principal relation are at the heart of the corrupt transaction. I differentiate between lowlevel opportunistic pay-offs, on the one hand, and systemic corruption, on the ...