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| Author: | Cragg, W. Woof, W. |
| Title: | The U.S. Foreign Corrupt Practices Act: A Study of Its Effectiveness |
| Journal: | Business and Society Review
2002 : SPRING, 107:1, p. 98-144 |
| Index terms: | EFFECTIVENESS USA ANALYTICAL REVIEW MANAGEMENT |
| Language: | eng |
| Abstract: | This article takes the position that the U.S. FCPA did not result in higher standards of conduct on the part of American companies in international markets and seeks to understand why that is the case. The authors trace the forces that led to the Senate investigations that in turn resulted in the passage of the FCPA in 1977. The authors examine the structure of the FCPA, its connection to legislation enacted in the 1930s designed to build transparency into the trading of securities on American stock exchanges, and exemptions related to the protection of the national security interests of the United States. The authors examine the role given to self-regulation, the response of American corporations to that role, and the history of enforcement between 1977 and 1995. |
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