In This Article Expand or collapse the "in this article" section Firm Bribery

  • Introduction
  • Quantitative Studies
  • Qualitative Studies
  • Experimental Studies
  • Firm Bribery and Effects on Performance
  • Firm Bribery and Innovation
  • Firm Bribery and Effects on Other Strategies
  • Bribery and Entrepreneurship
  • Firm Bribery in China and Other Developing and Transition Economies
  • Bribery in Developed Countries
  • Laws Against Firm Bribery and Consequences for Firms
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Management Firm Bribery
by
Jinsil Kim
  • LAST REVIEWED: 27 October 2022
  • LAST MODIFIED: 27 October 2022
  • DOI: 10.1093/obo/9780199846740-0212

Introduction

Bribery is defined as the illegal exchange of money or favor for a benefit distributed by a public official. Firms may engage in bribery to secure their access to governmental services or preferential treatments, especially when legally obtaining such governmental services is costly and uncertain. Bribery and facilitation payments are thus regarded as an informal method to get vital jobs done. Bribery is a key type of corruption, and the most common form of corruption. The topic and phenomenon have been studied in numerous fields such as economics, laws, politics, public policy, decision making, and management.

Theoretical Overview

Various theories have been applied and developed to study bribery. The works cited below in this section are major ones for the theories regarding bribery. A large body of theory and research relies on the works developed by economists depicting bribery as an economic exchange between the briber (firm) and bribee (government officials). Other perspectives and theories such as politics and culture have been used to study firm bribery as well. Some studies use a multidisciplinary theoretical approach.

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