David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 88 (4):805 - 813 (2009)
Corruption presents an assurance problem to businesses: all businesses are best off if none act corruptly but in the event that corruption occurs are better off if they act corruptly than if they do not, and because there is no assurance that other actors are not cheating a business does not know how to act. The usual solution to an assurance problem – criminal sanctions imposed on cheaters – does not work in a corrupt system. Integrative Social Contract Theory suggests a solution to the assurance problem. Application of Integrative Social Contract Theory to corruption demonstrates that in the case of corruption it has advantages over international law, and that the theory's elegance lies in its recognition of norms generated by multiple communities.
|Keywords||corruption Integrative Social Contract Theory international law microsocial contracts|
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Citations of this work BETA
Onyeka Osuji (2011). Fluidity of Regulation-CSR Nexus: The Multinational Corporate Corruption Example. [REVIEW] Journal of Business Ethics 103 (1):31-57.
Djordjija Petkoski, Danielle E. Warren & William S. Laufer (2009). Collective Strategies in Fighting Corruption: Some Intuitions and Counter Intuitions. [REVIEW] Journal of Business Ethics 88 (4):815 - 822.
John M. Luiz & Callum Stewart (2014). Corruption, South African Multinational Enterprises and Institutions in Africa. Journal of Business Ethics 124 (3):383-398.
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