Governance Dilemma of Commercial Bribery by Multinational Corporations in China

With the deepening development of globalisation, multinational corporations (MNCs) have been operating more and more frequently in China, but the accompanying problem of commercial bribery has gradually emerged.The purpose of this paper is to explore the dilemmas encountered by China in punishing commercial bribery by multinational corporations in China.Through the research method of literature review, this paper finds that the causes of commercial bribery by multinational corporations in China are complex and diverse, including regulatory deficiencies, imperfections in the legal system, differences in business ethics, and insufficient internal control, etc. Such behaviour not only undermines fair competition, but also leads to the emergence of the problem of commercial bribery.Such behaviours not only damage the market environment of fair competition, but also erode the moral foundation of the society and affect China's international image.Therefore, possible solutions are proposed, including strengthening legislation and law enforcement, expanding jurisdiction, and improving the monitoring system, in order to more effectively curb commercial bribery by multinational corporations in China.

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Publication Details

Journal
Lecture Notes in Education Psychology and Public Media
Published
2024-09-27
DOI
https://doi.org/10.54254/2753-7048/66/2024mu0032
Primary Topic
Ethics in Business and Education
Type
article
Field-Weighted Citation Impact
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article

Governance Dilemma of Commercial Bribery by Multinational Corporations in China

Yishi Luo
Lecture Notes in Education Psychology and Public Media
Ethics in Business and Education
article

Governance Dilemma of Commercial Bribery by Multinational Corporations in China

Yishi Luo
article en

Abstract

With the deepening development of globalisation, multinational corporations (MNCs) have been operating more and more frequently in China, but the accompanying problem of commercial bribery has gradually emerged.The purpose of this paper is to explore the dilemmas encountered by China in punishing commercial bribery by multinational corporations in China.Through the research method of literature review, this paper finds that the causes of commercial bribery by multinational corporations in China are complex and diverse, including regulatory deficiencies, imperfections in the legal system, differences in business ethics, and insufficient internal control, etc. Such behaviour not only undermines fair competition, but also leads to the emergence of the problem of commercial bribery.Such behaviours not only damage the market environment of fair competition, but also erode the moral foundation of the society and affect China's international image.Therefore, possible solutions are proposed, including strengthening legislation and law enforcement, expanding jurisdiction, and improving the monitoring system, in order to more effectively curb commercial bribery by multinational corporations in China.

Lecture Notes in Education Psychology and Public MediaVol. 66(1)
Zhongnan University of Economics and Law (CN)
Peace, Justice and strong institutions
Openalex Percentile: Top 82%
Ethics in Business and Education
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