Corruption and Transactional Crime: Building up Effective Accountable Inclusive and Transparent Institutions as Ground for Sustainable Finance
Corruption, defined by the misuse of public power for private gains, is endemic, pervasive, and a significant contributor to low economic growth. There is a vast volume of research on the relationship between corruption and economic growth that empirically show the negative effects of corruption on...
| Autores: | , |
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| Formato: | capítulo de livro |
| Fecha de publicación: | 2023 |
| País: | España |
| Recursos: | Universidad Autónoma de Madrid |
| Repositorio: | Biblos-e Archivo. Repositorio Institucional de la UAM |
| Idioma: | inglés |
| OAI Identifier: | oai:repositorio.uam.es:10486/717160 |
| Acesso em linha: | http://hdl.handle.net/10486/717160 https://dx.doi.org/10.1007/978-3-031-28752-7_9 |
| Access Level: | acceso abierto |
| Palavra-chave: | Corruption ESG disclosure Sustainable finance Derecho Economía |
| Resumo: | Corruption, defined by the misuse of public power for private gains, is endemic, pervasive, and a significant contributor to low economic growth. There is a vast volume of research on the relationship between corruption and economic growth that empirically show the negative effects of corruption on growth, development, and investment. Corruption distorts investment and provision of public services and increases inequality to such an extent that international organizations like the World Bank, the IMF, and the UN have identified corruption as “the single greatest obstacle to economic and social development” and gave the fight against corruption high priority. To fight the multidimensional issue of corruption, its causes should be studies. Based on the literature, there are three conditions necessary for corruption to arise and persist: (1) discretionary power of public officials, (2) the possibility of economic rent extraction, and (3) weak institutions. Many scholars have emphasized on the role of institution |
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