The dark mechanics of private sector corruption: Understanding the impact of supply-side corruption and how to tackle it

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

This viewpoint paper concentrates on unpacking the causes of and solutions to private sector, business-to-business corruption. This type of corruption is caused by any combination of economic goals and pressures, a psychology of cultural acceptance, and ineffective legislative consequences. In particular, the authors advocate internal company-wide anti-corruption measures, which can self-regulate through robust corporate governance and reporting, through company leaders taking an ethical anti-corruption stance to lead by example, and through signing up to voluntary codes of practice that their employees get trained in.

Originality/value

The briefing saves busy executives and researchers’ hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2021), "The dark mechanics of private sector corruption: Understanding the impact of supply-side corruption and how to tackle it", Strategic Direction, Vol. 37 No. 11, pp. 13-15. https://doi.org/10.1108/SD-10-2021-0116