Institutional Corruption: A Fiduciary Theory

Newhouse, M.E.

doi:10.2139/ssrn.2335619

Cited by 12 publications

(14 citation statements)

References 6 publications

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“…Newhouse (2013) defined fiduciary as “a legal term of art for a person or organization that acts on behalf of a ‘principal’ by exercising discretion with respect to property or some other critical resource belonging to that principal” (570). As such, religious consumers are likely to associate religious‐based organizations with stewardship and ethical decision‐making, as well as perceive these institutions as undertaking actions to protect consumer interests.…”

Section: Religion's Influence On Financial Well‐being Outcomesmentioning

confidence: 99%

Religion's influence on the financial well‐being of consumers: A conceptual framework and research agenda

Sarofim

Minton

Hunting

et al. 2020

Journal of Consumer Affairs

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Religion is an indelible force in society, yet research examining its influence on consumption, particularly in the context of financial well-being is lacking. Thus, this paper presents a conceptual framework of factors influencing, and outcomes associated with, the effects of religion on financial well-being. Specifically, this paper introduces a conceptual framework aimed at understanding how religion influences financial decisions and well-being, both from a consumer and a business perspective. Focus groups were conducted with consumers and financial practitioners to support the development of the conceptual framework. Most novel to this framework is the identification of potential process mechanisms explaining this relationship, including trust, affect, risk propensity, and perceived personal control. The framework concludes with potential interventions targeted at consumers and businesses to improve financial well-being. This propositions-based conceptual framework serves as a research agenda to guide and aid scholars, consumer advocacy groups, policymakers, and marketers in promoting greater financial well-being.

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Section: Religion's Influence On Financial Well‐being Outcomesmentioning

confidence: 99%

Religion's influence on the financial well‐being of consumers: A conceptual framework and research agenda

Sarofim

Minton

Hunting

et al. 2020

Journal of Consumer Affairs

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“…Thompson claims that his conception is "compatible with a wide range of views about both the process and substance of contemporary politics" (1995, p. 29), but some aspects of his approach are more attuned to deliberative than other theories of democracy. The independence requirement that members should "act on reasons relevant to the merits of public policies… or to advancing a process that encourages acting on such reasons" (Thompson 1995, p. 20;also Thompson 2005b) has led several scholars to associate his conception of institutional corruption with deliberative theory (Lessig 2013b, Newhouse 2014. Unless the conception can be shown to accommodate other theories and other institutions, its application will be more limited than…”

Section: Corruption Of the Democratic Process: Thompsonmentioning

confidence: 99%

“…Another version of the criticism that the conception is too broad comes from critics who are sympathetic to the institutionalists' aims but worry that they risk turning their conception into a general theory of institutional failure (Néron 2014, Newhouse 2014. Such a broad theory, they argue, would lead to misdiagnoses of the institutional failures and would obscure the distinctive contributions of institutionalists.…”

Section: Criticismsmentioning

confidence: 99%

“…We should also stress that institutional corruption involves an official or agent who has responsibility to citizens or members of the institution. This kind of responsibility is predominant in Newhouse's (2014) fiduciary theory of institutional corruption. She argues that her approach avoids the excessive broadening she finds in the work of some institutionalists, yet maintains the distinctive character of institutional corruption that the theorists wish to emphasize.…”

Section: Criticismsmentioning

confidence: 99%

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Theories of Institutional Corruption

Thompson

2018

Annu. Rev. Polit. Sci.

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Normative theorists of corruption have developed an institutional conception that is distinct from both the individualist approaches focused on quid pro quo exchanges and other institutional approaches found in the literature on developing societies. These theorists emphasize the close connection between patterns of corruption and the legitimate functions of institutions. The corruption benefits the institution while undermining it. Reforms therefore should be directed toward finding alternatives for the functions the corruption serves. Also, institutional corruption does not require that its perpetrators have corrupt motives, and it is not limited to political institutions. This review examines four leading theories and discusses criticisms of their approach. A tripartite framework for analyzing the elements of institutional corruption is proposed. Although the theories are useful for distinguishing institutional corruption from the more familiar forms of individual corruption, they could be enriched by giving greater attention to the work on individual corruption in its structural forms in developing societies.

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“…Most multilevel analyses so far have dismissed corruption as an explanatory factor or at best cannot see a consistent pattern across the cases (Magalhães 2014, p. 77), because they have insisted in using a strict conceptualization of corruption as an illicit conduct mainly focused on personal experience (victimisation). 1 The major contributions of this article are (1) to overcome these conceptual and methodological failings by adopting an alternative conceptualization of corruption that goes beyond what is proscribed in the penal codes and special criminal laws-which the literature has recently defined as institutional (Lessig 2013;Light 2013;Newhouse 2014;Thompson 2013) or legal (Kaufmann and Vicente 2011) corruption-and (2) to demonstrate that perceptions about legal/institutional corruption can offer an interesting explanation of public support for democracy in the European Union (EU). 2 The article is organized in four parts.…”

Section: Introductionmentioning

confidence: 99%

Legal Corruption and Dissatisfaction with Democracy in the European Union

Maciel¹,

Sousa

2017

Soc Indic Res

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Institutional Corruption: A Fiduciary Theory

Cited by 12 publications

References 6 publications

Religion's influence on the financial well‐being of consumers: A conceptual framework and research agenda

Religion's influence on the financial well‐being of consumers: A conceptual framework and research agenda

Theories of Institutional Corruption

Legal Corruption and Dissatisfaction with Democracy in the European Union

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