Organizational Isomorphism and Corruption in Financial Institutions: Empirical Research in Emerging Countries

31 Pages Posted: 23 May 2012

See all articles by Bertrand Venard

Bertrand Venard

Audencia Nantes School of Management

Mohamed Hanafi

affiliation not provided to SSRN

Date Written: 2008

Abstract

The globalizations of capital markets in the last 20 years has led to a historic degree of financial integration in the world. It is clear, however, that globalization is not conducive to a complete homogeneity of financial markets and institutions. Among others, one element of diversity is the importance of the impact of corruption in emerging countries. Corruption decreases the credibility of financial institutions and markets. Scandals and unethical behavior in financial institutions erode confidence in such firms. Relying on neoinstitutional literature, this article focuses on the link between corruption and organizational isomorphism in financial institutions in emerging countries. Therefore, our aim is to examine the institutional reasons for corruption in financial institutions in emerging countries. Our structural equation model is based on empirical research in financial institutions in emerging countries. A questionnaire was administrated to 70 top executives of financial institutions in 18 different emerging countries.

Keywords: corruption, emerging countries, financial institutions, PLS

JEL Classification: G20, G28, P26

Suggested Citation

Venard, Bertrand and Hanafi, Mohamed, Organizational Isomorphism and Corruption in Financial Institutions: Empirical Research in Emerging Countries (2008). Journal of Business Ethics, Vol. 81, No. 2, pp. 481-498, 2008, Available at SSRN: https://ssrn.com/abstract=1417906

Bertrand Venard (Contact Author)

Audencia Nantes School of Management ( email )

8 route de la Jonelière, BP 31222
Nantes Cedex 3, Cedex 3 44312
France

Mohamed Hanafi

affiliation not provided to SSRN

No Address Available

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
85
Abstract Views
922
Rank
531,415
PlumX Metrics