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ACRN Blog: Economic Crisis and Anti-Corruption in the EU
In this blog post ACRN contributing editor Patrycja Szarek Mason examines the European Union's anti-corruption policy in light of the unfolding economic crisis. She gives us an understanding of the context in which the EU's anti-corruption policy has developed, the measures taken so far and the gaps that still remain in ensuring that anti-corruption can be a safe-guard against future economic crises.
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The Puppet Masters: How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It
Virtually all grand corruption cases involve a company, trust, or foundation (“corporate vehicles”) that has been created to conceal the beneficial owner’s identity. This report from the Stolen Asset Recovery initiative (StAR) of the World Bank and the UN Office on Drugs and Crime explores how government officials hide ownership and control of corrupt assets behind constructions of paper. It makes recommendations on measures governments can take to prevent the abuse of legal structures for the purpose of hiding corrupt funds.
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Which Firms Benefit from Bribes, and by how much? Evidence from Corruption Cases Worldwide
It is widely known that bribery taints procurement processes in many parts of the world. However, how does engaging in bribery affect the performance of a firm? What are the factors that influence the amount of bribe that firms pay? What are the benefits of paying the bribe (other than winning the contract)? Authors Cheung, Rau and Stouraitis attempt to answer these questions by using 166 bribery cases of publicly listed firms from 20 stock markets.
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2011 Bribe Payers Index
The Bribe Payers Index is a unique tool capturing the supply side of international bribery, specifically focussing on bribes paid by the private sector. The 2011 Bribe Payers Index is the fifth edition of the index, ranking 28 of the world’s largest economies according to the likelihood of firms from these countries to bribe when doing business abroad. It is based on the results of Transparency International’s 2011 Bribe Payers Survey. This asked 3,016 senior business executives in 30 countries around the world for their perceptions of the likelihood of companies, from countries they have business dealings with, to engage in bribery when doing business in the executive’s country. A sectoral ranking is also available which scores and ranks 19 sectors. The survey asked how often three different types of bribery were perceived to occur in each sector: firstly, bribery of low-ranking public officials; secondly, improper contributions to high-ranking politicians to achieve influence; and thirdly, bribery between private companies.
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Posted by
Farzana Nawaz
at
Nov 24, 2011 12:40 PM
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Categories:
Global, Empirical Data Analysis, Qualitative Analysis, Private Sector (General), Health, Construction, Defence, Extractives, Real Estate, Financial Markets, Forestry, Energy
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2011 Financial Secrecy Index
The Financial Secrecy Index is a tool for understanding global financial secrecy, corruption and illicit financial flows. The FSI combines two measurements, one qualitative and one quantitative. The qualitative measure looks at a jurisdiction’s laws and regulations, international treaties, and so on, to assess how secretive it is. The assessment is given in the form of a secrecy score: the higher the score, the more secretive the jurisdiction. The second, quantitative, measurement attaches a weighting to take account of the jurisdiction’s size and overall importance to the global financial markets. The 2011 Financial Secrecy Index (FSI) focuses on 73 secrecy jurisdictions. These places set up laws and systems which provide legal and financial secrecy to others, elsewhere. The index reveals that the traditional stereotype of tax havens is misplaced. The FSI reveals without doubt that the world’s most important providers of financial secrecy are not small, palm-fringed islands as many suppose, but some of the world’s biggest and wealthiest countries.
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Doing Business 2012: Doing Business in a More Transparent World
This year's ranking and report assesses regulations affecting domestic firms in 183 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. The report rankings on ease of doing business have expanded to include indicators on getting electricity. In this year's rankings Singapore leads on the overall ease of doing business, followed by Hong Kong SAR, China; New Zealand; the United States; and Denmark.
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Posted by
Farzana Nawaz
at
Oct 20, 2011 11:44 AM
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Categories:
Procurement, Service Delivery, Global, Anti-Corruption Laws, Law Enforcement, Empirical Data Analysis, Comparative Analysis, International Analysis, Private Sector (General), Construction, Real Estate, Financial Markets, Energy
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The Business Environment of Emerging Markets (HEC Lusanne)
The seminar covers selected issues pertaining to the business environment in emerging markets. The first part of the seminar consists of sessions devoted to an introduction to the process of economic development in order to provide students with background material. It briefly covers (i) growth and convergence, (ii) poverty and inequality within and across countries, (iii) the role of international trade and trade policy, (iv) the politics of economic policies, (v) social capital, corruption, and institutions, and (vi) the effectiveness of development aid.
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Ethics and Compliance (Université de Cergy-Pontoise)
Developed by Ronald Berenbeim, The purpose of this course is to introduce a broad range of “non-market” issues encountered by managers and business professionals, and to help develop a set of analytical perspectives for making judgments when such issues arise. In economics many of these issues can be described as market failures or imperfections. The course also looks at how the legal system is used to redress such failures. It then examines the role of ethical norms in resolving such issues in managerial life, and in establishing standards of professional responsibility.
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Call for Papers
Ethical Finance and Governance within the European Union Context
Jan 16, 2012 04:47 PM
The First International Workshop on "Ethical Finance & Governance” will take place in December, 16 in Paris. This workshop aims to consider the development of financial ...
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Job Posting
Visiting Professor of Governance
Oct 31, 2010 10:32 PM
The visiting professor will develop and teach courses related to law and economics, public policy, and governance in transition economies, state and market ...
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