This article presents the results of an embedded case study of compensation practices in the subsidiaries of a multinational corporation (MNC) in the Czech Republic, Poland and Hungary. We explore the path dependence of compensation systems in Central and Eastern European (CEE) countries prior...

Corruption thrives on misinformation and secrecy. In the Global Corruption Report 2003 , Transparency International ( TI ) puts access to information at the top of its agenda. TI catalogues a climate of mistrust that is working against the interests of shareholders and employees in the market...

Assuming that there is a “missing factor” in the modern corruption studies, authors develop a new conceptual approach to the study of corruption and effectiveness of anti-corruption regulations in the public service. This “missing factor” is a “corruption market”, particularly, its...

The “revolving door” phenomenon has become very common in most industrialised countries, and is leading to conflicts of interest as well as economic distortions. The purpose of this paper is to develop an indicator of the distortionary effects of the revolving door – The Revolving Door...

Stemming from agency theory, the paper examines governance mechanisms in Local Public Utilities (LPUs) in order to identify different and co-existing situations of conflict of interest t that may arise among the different actors (citizens, Local Governments, private shareholders, service...

In response to recent negative publicity within and outside the economics profession, the Verein für Socialpolitik instituted a Code of Ethics for its members in 2012. The Code is based on central three principles of transparency, objectivity, and fairness. This essay presents a rationalization...

We test if issuers of asset- and mortgage-backed securities receive rating favors from agencies with which they maintain strong business relationships. Controlling for issuer fixed effects and a large set of credit risk determinants, we show that agencies publish better ratings for those issuers...

В статье рассмотрены рекомендации по организации внутреннего контроля качества и безопасности медицинской деятельности; авторское определение конфликта...

An extensive literature has studied lobbying by special interest groups. We analyze a novel lobbying channel: lobbying businessmen-politicians through business proxies. When a politician controls a business, firms attempting to curry favors shift their spending towards the politician's business....

В статье исследуются способы минимизации расходов, связанных с конфликтом интересов в корпорации в условиях англо-американской модели. Анализируется...