(Reference image from Pxhere).
New research published in the Strategic Management Journal shows that companies working in countries where corruption is rampant are able to operate better when they make deeper, long-term commitments.
According to the lead author of the study, Charles E. Stevens, associate professor of management at Lehigh University’s College of Business, this approach means leaving behind the two dominant strategies when dealing with corruption in developing countries: “Play the game,” meaning pay bribes or engage in corrupt activities, or “leave the table” by avoiding investing in places where corruption is widespread.
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(Reference image from Pxhere).
New research published in the Strategic Management Journal shows that companies working in countries where corruption is rampant are able to operate better when they make deeper, long-term commitments.
According to the lead author of the study, Charles E. Stevens, associate professor of management at Lehigh University’s College of Business, this approach means leaving behind the two dominant strategies when dealing with corruption in developing countries: “Play the game,” meaning pay bribes or engage in corrupt activities, or “leave the table” by avoiding investing in places where corruption is widespread.
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