Article 0012038

INTERNATIONAL BUSINESS REVIEW JOURNAL

INTERNATIONAL BUSINESS REVIEW JOURNAL.

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Corruption in international business: A review and research agenda
Received 4 February 2019; Received in revised form 28 November 2019; Accepted 21 December 2019

Salman Bahooa,b, Ilan Alonb, Andrea Paltrinieria,*

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a Department of Economics and Statistics, University of Udine, Via Tomadini 30/A, 33100, Udine, Italy

b Department of Management, School of Business & Law, University of Agder, Gimlemoen 19, 9i 241, Post Box 422, 4604 Kristiansand, Norway

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Outline

Abstract

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1. Introduction

2. Strategic Recommendations

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Vitae

Abstract

We systematically reviewed the literature on corruption in international business (137 articles) for the last 17 years between 1992 and 2019. Additionally, we identified seven research streams in this growing literature: (1) the legislation against corruption, (2) the determinants of corruption, (3) combating corruption, 4) the effect of corruption on firms, (5) the political environment and corruption, (6) corruption as a challenge to existing theories of management, and (7) the effect of corruption on foreign direct investment and trade. Based on this review, we recommend that strong international laws are needed to minimize the negative impact of corruption on international business. Firms must also consider corruption when formulating strategies to increase opera- tional efficiency and performance. Finally, corruption challenges some key assumptions of existing theories of management. Scholars need to test and expand these existing theories by considering corruption as an important issue in international business.

Keywords: Corruption, Bribery, International business Politics, Bibliometric analysis Meta-literature review Firms, Content analysis

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Salman Bahoo

Salman Bahoo is a joint PhD candidate in Department of Economics and Statistics, University of Udine, Italy and School of Business and Law, University of Agder, Norway. His main research interest includes sovereign wealth funds, political risk, corruption, sovereign credit risk and international business. He is affiliated also with the Islamia University Bahawalpur, Pakistan.

Ilan Alon

Ilan Alon (PhD, Kent State University) is Professor of Strategy and International Marketing at the School of Business and Law at the University of Agder. He is also Editor- in-Chief of the International Journal of Emerging Markets and the European Journal of International Management. Alon is a researcher in the field of international business with a focus on internationalization, modes of entry, political risk, cultural intelligence and emerging markets. His publications have appeared in journals, such as Harvard Business Review, Management International Review, International Business Review, Journal of International Marketing, and International Marketing Review. His books are published by Palgrave, Routledge, McGraw-Hill and others.

Andra Paltrinieri

Andrea Paltrinieri is Assistant Professor of Banking and Finance in Department of Economics and Statistics at the University of Udine. He is Associate Editor of Islamic and Middle Eastern Finance and Management and at Editorial Review board of International Journal of Emerging Markets. His fields of research are in banking and finance area, with a focus on sovereign wealth funds, Islamic finance, emerging markets and commodities. He published in International Journal of Emerging Markets, Research in International Business and Finance, The Quarterly Review of Economics and Finance, Business Ethics: a European Review, The Geneva Papers.