International management amid fake news and corruption

Abstract

Purpose This study aims to illustrate how bribery and fake news in Eastern European countries can affect businesses across Europe. Countries such as Romania, Bulgaria, Slovenia and Hungary represent sizeable and potential markets. Thanks to their European Union membership and low labor costs, these markets could offer many investment opportunities to international managers. Consequently, this study focuses on the challenge of corruption encountered by international managers and the necessary precautions before committing financial resources to these countries. Design/methodology/approach For this study, 10 informal interviews with presumed providers of illegal services were used to investigate the previously unexplored innovative research question. Informal interviews were conducted with individuals who can be assumed to have experience or knowledge in the field of corruption in multinational corporations. Findings The results show the potential impact of corruption on international managers in Eastern Europe. Originality/value This study contributes to the literature by examining two forms of corruption: bribing journalists to publish fake news to harm commercial rivals and bribing public officials to manufacture legal proceedings against business competitors. The following will also highlight how a corrupt judicial system can have implications abroad and what problems this may raise for mutual legal assistance.

Compliance issues in arbitration proceedings – bribery, money laundering and other abuses

“…For this reason, the authorities may not properly investigate alleged money laundering or corruption or files may be delayed or closed (Teichmann et al , 2022). Thus, the role of arbitrators is to be impartial and unwilling to support corrupt systems.…”

Legal Assistance for Corruption Crimes in Procurement of Goods in Government Agencies

“…Access to justice in the Indonesian context refers to the conditions and processes in which the state guarantees the fulfillment of fundamental rights based on the 1945 Constitution and universal human rights principles and guarantees access for every citizen (claim holder) to justice. The ability to know, understand, realize, and use these fundamental rights through formal and informal institutions, supported by the existence of a public complaints mechanism that is easily accessed and responded to by the community, in order to obtain optimal benefits to improve the quality of their own lives (Teichmann et al, 2023). In criminal acts of corruption, people generally believe that there are no decisions other than the maximum criminal penalty, so every decision handed down by the court is always considered unfair and injures the public's sense of justice (Ross, 2018).…”