The Harm and Countermeasures of Transnational Commercial Bribery

In today's era of globalization, international exchanges are increasingly close, and transnational bribery cases are frequent. Therefore, combating commercial bribery by multinational corporations and strengthening the compliance system of transnational corporations are of great significance in promoting healthy economic development and social justice. At present, all countries have various legal provisions on corporate anti-bribery, but due to factors such as incomplete consistency of regulations in various economies, the governance effect is limited and it is challenging to fully credit the law's deterrence effect. Meanwhile, as the largest importer of foreign capital, commercial bribery in China is even more rampant, but due to the lack of domestic attention and the dispersion and ambiguity of the relevant laws and regulations, the bribe-takers are seldom sanctioned by the law.Through the analysis of the concept, causes and related cases of commercial bribery, as well as the comparative analysis of the relevant laws of Britain and the United States, this paper seeks to solve the problem of transnational bribery 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/10.54254/2753-7048/66/2024mu0027
Primary Topic
Regulation and Compliance Studies
Type
article
Field-Weighted Citation Impact
0.00
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article

The Harm and Countermeasures of Transnational Commercial Bribery

Siyu Zhao
Lecture Notes in Education Psychology and Public Media
Regulation and Compliance Studies
article

The Harm and Countermeasures of Transnational Commercial Bribery

Siyu Zhao
article en

Abstract

In today's era of globalization, international exchanges are increasingly close, and transnational bribery cases are frequent. Therefore, combating commercial bribery by multinational corporations and strengthening the compliance system of transnational corporations are of great significance in promoting healthy economic development and social justice. At present, all countries have various legal provisions on corporate anti-bribery, but due to factors such as incomplete consistency of regulations in various economies, the governance effect is limited and it is challenging to fully credit the law's deterrence effect. Meanwhile, as the largest importer of foreign capital, commercial bribery in China is even more rampant, but due to the lack of domestic attention and the dispersion and ambiguity of the relevant laws and regulations, the bribe-takers are seldom sanctioned by the law.Through the analysis of the concept, causes and related cases of commercial bribery, as well as the comparative analysis of the relevant laws of Britain and the United States, this paper seeks to solve the problem of transnational bribery in China.

Lecture Notes in Education Psychology and Public MediaVol. 66(1)
China University of Petroleum, East China (CN)
Peace, Justice and strong institutions
Openalex Percentile: Top 71%
Regulation and Compliance Studies
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