Reflective Leadership vs. Endemic Corruption in Emerging Markets
Journal
INSEAD Working Paper
Type
journal article
Date Issued
2013-12-27
Author(s)
Abstract
Despite decades-long efforts to eradicate it, corruption remains a major risk for doing business in emerging markets. Our study of 111 CEOs and owners of companies operating in Russia showed the ineffectiveness of universalistic top-down anti-corruption strategies at the firm level and tested a practical, bottom-up approach. We argue that strategies targeting specific business practices can mitigate corruption even in endemically corrupt environments such as Russia. The critical factor for the effectiveness of corporate anti-corruption policies is reflective leadership. We propose and describe an instrument for such leadership. We slice firm corruption into recognizable and manageable practices and offer an inventory of methods that reach out through hierarchical and network channels.
Language
English
Keywords
Leadership
Bussines Corruption
Anti-corruption Strategies
Informal Practices
Emerging Markets
CEO
Russia
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
INSEAD
Publisher place
Fontainebleau
Number
2013/121/EFE
Official URL
Subject(s)
Division(s)
Eprints ID
228548