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Crime, Law and Social Change

, Volume 71, Issue 2, pp 171–195 | Cite as

Maximizing stakeholder trust as a tool for controlling corruption

  • Philip M. NicholsEmail author
  • Patricia E. Dowden
Article

Abstract

Corruption, particularly bribery of government officials, inflicts substantial damage on people, society, and the world, and warrants control. Collective efforts to control corruption tend to focus on rules and compliance with those rules. This paper suggests that collective action also consider the creation of strong ethical cultures in business firms. Implementation of such programs is impeded by the difficulty in prescribing a course of action and by the difficulty in measuring the strength of an ethical culture. This paper suggests the measurement and maximization of stakeholder trust as a proxy for measures of ethical culture. The qualities that engender stakeholder trust correspond with ethical behaviors. Stakeholder trust confers benefits on business firms, which will incentivize and justify its measurement. Implementation of a program focused on ethical culture would benefit from collective action both by normalizing behaviors and in the development of sophisticated measurement tools.

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Copyright information

© Springer Science+Business Media B.V., part of Springer Nature 2018

Authors and Affiliations

  1. 1.Wharton School of BusinessUniversity of PennsylvaniaPhiladelphiaUSA
  2. 2.Center for Business Ethics and Corporate GovernancePhiladelphiaUSA

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