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Full-Text Articles in Business Law, Public Responsibility, and Ethics
Democracy And Corruption: A Complex Relationship, Shrabani Saha, Rukmani Gounder, Neil Campbell, J Su
Democracy And Corruption: A Complex Relationship, Shrabani Saha, Rukmani Gounder, Neil Campbell, J Su
Neil Campbell
We argue that an 'electoral democracy' is not sufficient to reduce corruption. Our contention is that the institutions associated with mature democracy are crucial to successfully deterring corrupt behaviour. At the core of our argument is the idea that with well-functioning institutions, the probability of detection and punishment is sufficiently high to deter most decision makers from choosing to act corruptly. The empirical evidence we present supports this idea. The nonlinearity of democracy variables is tested to confirm that an advanced stage of democracy is crucial for combating corruption.
The Connection Between Stakeholder Theory And Stakeholder Democracy: An Excavation And Defense, Jeffrey Moriarty
The Connection Between Stakeholder Theory And Stakeholder Democracy: An Excavation And Defense, Jeffrey Moriarty
Philosophy Faculty Publications
In early writings, stakeholder theorists supported giving all stakeholders formal, binding control over the corporation, in particular, over its board of directors. In recent writings, however, they claim that stakeholder theory does not require changing the current structure of corporate governance and further claim to be “agnostic” about the value of doing so. This article’s purpose is to highlight this shift and to argue that it is a mistake. It argues that, for instrumental reasons, stakeholder theorists should support giving all stakeholders control over the corporation, in the form of control over its board. That is, stakeholder theorists should support …
Corporations, The Democratic Deficit, And Voting, Jeffrey Moriarty
Corporations, The Democratic Deficit, And Voting, Jeffrey Moriarty
Philosophy Faculty Publications
Many writers argue that a “democratic deficit” is created when private actors such as corporations take on state functions. The problem, it is said, is that the course of public life is being shaped by agents who are not accountable to the public. We evaluate this claim and consider what should be done about it. We focus in particular on a recent attempt, put forward principally by Palazzo and Scherer, to address the democracy deficit by “democratizing” corporations. We argue that their proposal, while promising, has a significant defect. We then propose a remedy for this defect. In sum, our …