Preventing Corrupt Practices in Business and Investment throughEffective Law Enforcement

Article Sidebar

PDF
Published: 2021-07-07
Keywords:
Enforcement of law, Corruption, Investment, Oversight, Transparency, Business ethics

Main Article Content

Rio Saputra
Sunan Giri University of Surabaya, Indonesia
Rommy Hardyansah
Sunan Giri University of Surabaya, Indonesia
Pratolo Saktiawan
Sunan Giri University of Surabaya, Indonesia

Abstract

Corruption in business and investment is a global problem that undermines market integrity and creates injustice. Effective enforcement of laws to prevent corrupt practices is essential, but is often hampered by issues such as lack of resources, poor coordination between agencies, and low transparency. Strict law enforcement and transparent oversight systems are key steps to creating a clean business climate. Legal reforms that are responsive to the digital world and business globalization are also needed to address new challenges. Business ethics education and increased anti- corruption training can motivate the private sector to be more transparent and accountable. Safe reporting for whistleblowers and strengthening cooperation between countries in the international legal framework also play a role in preventing corruption. Better law enforcement requires cooperation between the government, private sector and society to create a corruption-free and fairer business climate.

Article Details

Issue

Vol. 1 No. 2 (2021): Journal of Social Science Studies (JOS3)

Section

Articles

How to Cite

Saputra, R., Hardyansah, R., & Saktiawan, P. (2021). Preventing Corrupt Practices in Business and Investment throughEffective Law Enforcement. Journal of Social Science Studies, 1(2), 25-28. https://jos3journals.id/index.php/jos3/article/view/57

References

Bardhan, P. (2019). Corruption and Development: A Review of the Issues. Journal of Economic Literature, 57(1), 39-72.

Bjørnskov, C. (2019). Corruption and Entrepreneurship: An International Perspective. Journal of Business Ethics, 150(2), 417-430.

De Zwart, F. (2020). Business Ethics and Anti- Corruption in the Global Economy. Business Ethics Quarterly, 30(3), 415-438.

Harrison, J. (2019). The Role of International Law in Anti-corruption Efforts. International Journal of Law, 8(4), 102-115.

Hassan, A. (2017). The Challenges of Enforcing Anti-corruption Laws in Developing Countries. International Journal of Business Ethics, 45(3), 287-302.

Kaufmann, D. (2019). Anti-corruption in Business: Perspectives from the Private Sector. Business and Politics, 21(4), 521-545.

Kovacevic, M. (2020). Technology and Corruption: Challenges of Modern Anti-corruption Measures. Journal of Digital Law, 12(1), 26-39.

Mungiu-Pippidi, A. (2018). Corruption, Governance, and Development: What We Know. Governance and Politics, 31(2), 227-247.

OECD. (2020). The OECD Anti-corruption Initiatives: Progress and Challenges. OECD Reports, 14(1), 77-91.

Rose-Ackerman, S. (2017). Corruption and Government: Causes, Consequences, and Reform. Cambridge University Press.

Rothstein, B. (2016). The Quality of Government and Corruption. Journal of Public Administration Research and Theory, 26(4), 865-885.

Scherer, L., Röhlinger, L., & Schick, A. (2018). The Relationship between Anti-corruption Laws and Corporate Behavior. International Review of Law and Economics, 56, 66-76.

Sullivan, R. (2019). Business and Corruption: The Legal Response to Corporate Bribery and Unethical Practices. Journal of Business Law, 12(2), 123-136.

Tanzi, V. (2017). The Economics of Corruption and Anti-corruption Efforts. Economic Review, 60(2), 47-61.