This working paper, authored by David Hess from the University of Michigan's Ross School of Business, delves into the critical issues surrounding corruption in international business. It examines the motivations behind corporate bribery, analyzing whether corporations act as rational profit-maximizers or if rogue employees are the primary drivers of bribery. The paper explores the effectiveness of compliance and ethics programs in preventing bribery and considers the role of corporate social responsibility in actively combating corruption beyond mere compliance. Hess discusses the views of business ethics and corporate social responsibility, highlighting the challenges in assessing the earnestness of corporate compliance efforts, and the impact of organizational culture on bribery. The paper references real-world examples such as Siemens and provides a comprehensive overview of the complexities of anti-corruption efforts.
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