Corruption and International Business Community Is Integration into International Business ameans of Reducing Corruption?The case of Russia
The article examines an opportunity of corruption
restriction exercised by international business community in Russia.
Integration of Russian economy into the international business does
not reduce corruption inside the country. Foreign actors investing in
Russia under the condition of obtaining their required rates of returns
will be reluctant to harm their investments by involving into anticorruption
activities. Furthermore, many Russian firms- competitive
advantage could be directly related to their corruption connections. In
this case, foreign investments would only accentuate corrupt
companies- success by supporting them financially
[1] Anderson, J., Gray, Ch., Anticorruption in transition. Who is succeeding
and why. The International Bank for Reconstruction and Development/
The World Bank, 2006.
[2] Barsukova, S., Korruptsiia: nauchnye debaty i rossii'skaia real'nost'.
Obshchestvennye nauki i sovremennost', 2008, 5, pp. 36-47.
[3] Birjevoi Lider, Kokovi dohodi jen rossiiskih chinovnikov. July, 23,
2010. http://www.profi-forex.org/news/entry1008052676.html
[4] Cartier-Bresson, J., Economie politique de la corruption et de la
gouvernance. L-Harmattan, 2008.
[5] Campos, N., Dimova, R., Saleh, A., Whither corruption? A quantitative
survey of the literature on corruption and growth. Institute for the Study
of Labor, 2010, Discussion paper N┬░ 5334.
[6] Fisman, R., Svensson, J., Are corruption and taxation really harmful to
growth? Firm level evidence. Journal of Development Economics, 2007,
83, pp. 63-75.
[7] Habib, M., Jurawicki, L., Country-level investments and the effect of
corruption - some empirical evidence. International Business Review,
2001, 10, pp. 687-700.
[8] Hellman, J, Kaufmann, D., La captation de l-Etat dans les économies en
transition: un défi ├á relever. Finances & Développment, Sept. 2001, pp.
31 - 35.
[9] Indem, Diagnostika rossiiskoi korruptsii. Sotsiologitcheskii analys,
2001, Publised on the web-site http://www.anti-corr.ru/
[10] Indem, Vo skolko raz uvelichilasy korruptsia za 4 goda : resultati
novogo issledovaniya fonda Indem, 2005. Publised on the web-site
http://www.anti-corr.ru/
[11] Judge, W., McNatt, D, Wu, W., The antecedents and effects of national
corruption : A meta-analysis. Journal of World Business, 2011, 46, pp.
93-103.
[12] Kaufmann, D., Wei, S.-J. Does "grease money" speed up the wheels of
commerce? International Monetary Fund. Governance, Regulation, and
Finance, 1999.
[13] Kolleeny, G., Fedotov, A. Draft amendment to stop Russian IPOs
abroad. World Securities Law Report. August 2009.
[14] Lubomudrov, M., Molyneux, S. The Russian IPO market in 2010, 2009,
http://worldfinancereview.com/may2010/therussianipomarketin2010.ht
ml
[15] Milov, V., Nemtsov, B. Putin, Itogi. Independent expert report.
Moscow, Solidarnosty, 2010.
[16] New York Times, Safety Issues Linger as Nuclear Reactors Shrink in
Size. March, 18, 2010.
[17] Nureev, R, Rossia : istoricheskie sud-bi vlasti sobstvennosti.
Postsovetskii institutsionalism. Rostov-on-Don, 2006.
[18] OECD Investment Policy Reviews, Russian Federation. Progress and
reform challenges. OECD, 2004.
[19] Pantzalis, Ch., Park, J.Ch., Sutton N. Corruption and valuation of
multinational corporations. Journal of Empirical Finance, 2008, 15, pp.
387-417.
[20] Puffer, S., McCarthy, D. Can Russia-s state-managed, network
capitalism be competitive? Institutional pull versus institutional push.
Journal of Word Business, 2007, 42, pp. 1-13.
[21] Rose-Ackermann, S. "Grand" corruption and the ethics of global
business. Journal of Banking & Finance, 2002, 26, 1889-1918.
[22] Rosstat, Federal Service of National Statistics. Russian statistical
yearbook. Moscow, 2009.
[23] Schleifer, A., Vishny, R.W., Corruption. Quarterly Journal of
Economics, 1993, 110, 681-712.
[24] Sledstvenni Komitet web-site news consultable at
http://www.sledcom.ru/smi/36756/ and
http://www.sledcom.ru/actual/25927/.
[25] Svensson, J. Eight questions about corruption. Journal of Economic
Perspective, 2005, 19, 19-42.
[26] The Economist, Dancing with Mr. Putin. Jan 20th 2011.
[27] Treisman, D. The causes of corruption : a cross-national study. Journal
of Public Economics, 2000, 76, 399-457.
[28] World Bank. Gross domestic product 2009. Downloaded from
http://siteresources.worldbank.org/, 2009.
[29] Yakovlev, A., Evolution of business-state interaction in Russia : from
state capture to business capture ? Moscow, HSE, 2005.
[1] Anderson, J., Gray, Ch., Anticorruption in transition. Who is succeeding
and why. The International Bank for Reconstruction and Development/
The World Bank, 2006.
[2] Barsukova, S., Korruptsiia: nauchnye debaty i rossii'skaia real'nost'.
Obshchestvennye nauki i sovremennost', 2008, 5, pp. 36-47.
[3] Birjevoi Lider, Kokovi dohodi jen rossiiskih chinovnikov. July, 23,
2010. http://www.profi-forex.org/news/entry1008052676.html
[4] Cartier-Bresson, J., Economie politique de la corruption et de la
gouvernance. L-Harmattan, 2008.
[5] Campos, N., Dimova, R., Saleh, A., Whither corruption? A quantitative
survey of the literature on corruption and growth. Institute for the Study
of Labor, 2010, Discussion paper N┬░ 5334.
[6] Fisman, R., Svensson, J., Are corruption and taxation really harmful to
growth? Firm level evidence. Journal of Development Economics, 2007,
83, pp. 63-75.
[7] Habib, M., Jurawicki, L., Country-level investments and the effect of
corruption - some empirical evidence. International Business Review,
2001, 10, pp. 687-700.
[8] Hellman, J, Kaufmann, D., La captation de l-Etat dans les économies en
transition: un défi ├á relever. Finances & Développment, Sept. 2001, pp.
31 - 35.
[9] Indem, Diagnostika rossiiskoi korruptsii. Sotsiologitcheskii analys,
2001, Publised on the web-site http://www.anti-corr.ru/
[10] Indem, Vo skolko raz uvelichilasy korruptsia za 4 goda : resultati
novogo issledovaniya fonda Indem, 2005. Publised on the web-site
http://www.anti-corr.ru/
[11] Judge, W., McNatt, D, Wu, W., The antecedents and effects of national
corruption : A meta-analysis. Journal of World Business, 2011, 46, pp.
93-103.
[12] Kaufmann, D., Wei, S.-J. Does "grease money" speed up the wheels of
commerce? International Monetary Fund. Governance, Regulation, and
Finance, 1999.
[13] Kolleeny, G., Fedotov, A. Draft amendment to stop Russian IPOs
abroad. World Securities Law Report. August 2009.
[14] Lubomudrov, M., Molyneux, S. The Russian IPO market in 2010, 2009,
http://worldfinancereview.com/may2010/therussianipomarketin2010.ht
ml
[15] Milov, V., Nemtsov, B. Putin, Itogi. Independent expert report.
Moscow, Solidarnosty, 2010.
[16] New York Times, Safety Issues Linger as Nuclear Reactors Shrink in
Size. March, 18, 2010.
[17] Nureev, R, Rossia : istoricheskie sud-bi vlasti sobstvennosti.
Postsovetskii institutsionalism. Rostov-on-Don, 2006.
[18] OECD Investment Policy Reviews, Russian Federation. Progress and
reform challenges. OECD, 2004.
[19] Pantzalis, Ch., Park, J.Ch., Sutton N. Corruption and valuation of
multinational corporations. Journal of Empirical Finance, 2008, 15, pp.
387-417.
[20] Puffer, S., McCarthy, D. Can Russia-s state-managed, network
capitalism be competitive? Institutional pull versus institutional push.
Journal of Word Business, 2007, 42, pp. 1-13.
[21] Rose-Ackermann, S. "Grand" corruption and the ethics of global
business. Journal of Banking & Finance, 2002, 26, 1889-1918.
[22] Rosstat, Federal Service of National Statistics. Russian statistical
yearbook. Moscow, 2009.
[23] Schleifer, A., Vishny, R.W., Corruption. Quarterly Journal of
Economics, 1993, 110, 681-712.
[24] Sledstvenni Komitet web-site news consultable at
http://www.sledcom.ru/smi/36756/ and
http://www.sledcom.ru/actual/25927/.
[25] Svensson, J. Eight questions about corruption. Journal of Economic
Perspective, 2005, 19, 19-42.
[26] The Economist, Dancing with Mr. Putin. Jan 20th 2011.
[27] Treisman, D. The causes of corruption : a cross-national study. Journal
of Public Economics, 2000, 76, 399-457.
[28] World Bank. Gross domestic product 2009. Downloaded from
http://siteresources.worldbank.org/, 2009.
[29] Yakovlev, A., Evolution of business-state interaction in Russia : from
state capture to business capture ? Moscow, HSE, 2005.
@article{"International Journal of Business, Human and Social Sciences:53455", author = "Anouch Mkhitarian", title = "Corruption and International Business Community Is Integration into International Business ameans of Reducing Corruption?The case of Russia", abstract = "The article examines an opportunity of corruption
restriction exercised by international business community in Russia.
Integration of Russian economy into the international business does
not reduce corruption inside the country. Foreign actors investing in
Russia under the condition of obtaining their required rates of returns
will be reluctant to harm their investments by involving into anticorruption
activities. Furthermore, many Russian firms- competitive
advantage could be directly related to their corruption connections. In
this case, foreign investments would only accentuate corrupt
companies- success by supporting them financially", keywords = "Corrution, FDI, Russian Federation", volume = "5", number = "5", pages = "500-5", }
