Too Risk Averse to Stay Honest? Business Corruption, Uncertainty and Attitudes Toward Risk
The presence of business-corruption provokes firms to make choices between legal business approaches and illegal bribery. The outcome of a chosen strategy will usually be uncertain at the time the decision is made, and a firm's decision will depend partly on its attitude towards risk. Drawing o...
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| Format: | Journal Article |
| Language: | EN |
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2012
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| Online Access: | http://hdl.handle.net/10986/5351 |
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okr-10986-53512021-04-23T14:02:22Z Too Risk Averse to Stay Honest? Business Corruption, Uncertainty and Attitudes Toward Risk Soreide, T. The presence of business-corruption provokes firms to make choices between legal business approaches and illegal bribery. The outcome of a chosen strategy will usually be uncertain at the time the decision is made, and a firm's decision will depend partly on its attitude towards risk. Drawing on empirical results about business corruption, this paper describes the risks, uncertainties and benefits attached to bribery, and specifies their impact on firms' propensity to offer bribes. it then demonstrates how risk averse firms can be more inclined to offer bribes than risk neutral and risk attracted firms. (C) 2009 Elsevier Inc. All rights reserved. 2012-03-30T07:32:26Z 2012-03-30T07:32:26Z 2009 Journal Article International Review of Law and Economics 0144-8188 http://hdl.handle.net/10986/5351 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
EN |
| relation |
http://creativecommons.org/licenses/by-nc-nd/3.0/igo |
| description |
The presence of business-corruption provokes firms to make choices between legal business approaches and illegal bribery. The outcome of a chosen strategy will usually be uncertain at the time the decision is made, and a firm's decision will depend partly on its attitude towards risk. Drawing on empirical results about business corruption, this paper describes the risks, uncertainties and benefits attached to bribery, and specifies their impact on firms' propensity to offer bribes. it then demonstrates how risk averse firms can be more inclined to offer bribes than risk neutral and risk attracted firms. (C) 2009 Elsevier Inc. All rights reserved. |
| format |
Journal Article |
| author |
Soreide, T. |
| spellingShingle |
Soreide, T. Too Risk Averse to Stay Honest? Business Corruption, Uncertainty and Attitudes Toward Risk |
| author_facet |
Soreide, T. |
| author_sort |
Soreide, T. |
| title |
Too Risk Averse to Stay Honest? Business Corruption, Uncertainty and Attitudes Toward Risk |
| title_short |
Too Risk Averse to Stay Honest? Business Corruption, Uncertainty and Attitudes Toward Risk |
| title_full |
Too Risk Averse to Stay Honest? Business Corruption, Uncertainty and Attitudes Toward Risk |
| title_fullStr |
Too Risk Averse to Stay Honest? Business Corruption, Uncertainty and Attitudes Toward Risk |
| title_full_unstemmed |
Too Risk Averse to Stay Honest? Business Corruption, Uncertainty and Attitudes Toward Risk |
| title_sort |
too risk averse to stay honest? business corruption, uncertainty and attitudes toward risk |
| publishDate |
2012 |
| url |
http://hdl.handle.net/10986/5351 |
| _version_ |
1764394735028404224 |