Foreign Corruption by Multinational Corporations (MNCs): The Principal-Agent Problem, Liability, Compliance and Collective Action

Why do employees and management of MNCs engage in corruption? The principal-agent problem gives an answer, why employees and management of multinational corporations (MNCs) like Siemens AG, Diagnostic Products Corp and Pfizer engage in corruption in spite of knowing of its adverse consequences. This article considers whether individuals or corporations should be held accountable for …

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