Corporate disclosures on curbing bribery and the UK Bribery Act 2010: evidence from UK companies

What is it about?

By investigating how UK based MNCs subject to the UK Bribery Act 2010 disclosed measures to curb the bribery of foreign public officials (mostly from underprivileged developing nations), this research has problematised MNCs’ operations in underprivileged developing nations and their relations to the enactment of the UK bribery Act.

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Why is it important?

The findings suggest that not only public officials in developing countries as creators of bribery but also Western-based MNCs as the suppliers of bribery contribute to perpetuating unethical practices and injustices to the underprivileged communities in developing countries. This research is imperative as this is one of the first known studies that provides evidence of the actions including disclosure-related actions companies have taken in response to the UK Bribery Act.