What role do foreign institutions play in combating political corruption in developing countries? This chapter begins by describing the recently developed transnational anti-corruption regime, which encompasses legal instruments ranging from the dedicated multilateral agreements sponsored by the...

Controlling shareholders have been directly involved in some of the largest and most consequential bribery scandals in the world over the course of the last decade. Nevertheless, the academic literature and the dominant international model of anticorruption law have neglected the dynamics and...

Recent discussions of systemic corruption have cast doubt on the effectiveness of direct legal responses, that is to say, responses that involve the enforcement of explicit legal prohibitions on corrupt activity. This essay argues that there are sound reasons to believe that anticorruption law...

This chapter focuses on private firms' compliance with norms concerning transnational bribery. It begins with an overview of the regulatory context and obstacles to effective enforcement norms against transnational bribery. It then reviews how compliance is defined, how it ought to be defined,...

This article explains why states in which bribe payers are located (payor states) criminalize transnational bribery. It suggests that these initiatives can enable selfinterested payor states to improve the terms upon which their nationals obtain the services of foreign public officials. Although...

We examine factors that might explain how sanctions imposed in Foreign Corrupt Practices Act (FCPA) enforcement actions vary across the firms and countries implicated using a dataset of FCPA actions resolved from 2004 to 2011. We find evidence that the sanctions in an individual FCPA action are...

This article is concerned with explaining why states in which bribe-payers are located (?payor states?) criminalize transnational bribery. Some analysts have claimed that these initiatives are either examples of altruistic behaviour on the part of payor states or reflect economic interdependence...