FCPA: The American Antibribery Legislation
Authors:
- Karen CasciniKCKaren Cascini
- Rocco R. VanascoRVRocco R. Vanasco
- 1 February 1992
- journal article
- Published by Emerald Publishing in Managerial Auditing Journal
- Vol. 7 (2)
Abstract
The Foreign Corrupt Practices Act (FCPA) has been controversial since its inception in December 1977. Despite the various attempts to repeal or modify the Act, this piece of legislation remained as originally enacted until the 1988 Trade and Competitive Act revision. Although the debates on parts of the original Act seem to have reached an impasse, nonetheless the US Government finds itself in a catch‐22 situation – pioneering international ethical business standards and seemingly losing the competitive edge in foreign trade.Keywords
This publication has 2 references indexed in Scilit:
- Accountability and the restraint of freedom: A deontological case for the stricter standard of corporate disclosureJournal of Business Ethics, 1986
- American Bribery Legislation: An Obstacle to International MarketingJournal of Marketing, 1980