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Analysis of Companies' Behaviour in Smoothing Conflicts of Interest

Author

Listed:
  • Tatiana Dănescu

    (“Petru Maior” University of Târgu Mureş, Romania)

  • Maria Alexandra Botoş

    (“1 Decembrie 1918” University of Alba Iulia, Romania)

Abstract
Within corporations and large entities, some internal policies and practices are typically designed and regulated to prevent and resolve conflicts of interest. Multinational entities, especially those listed on the stock exchange market, elaborate codes of ethics or internal standards that guide all persons who have contact with the entity, including collaborators. Through this paper, we aim to identify the behaviour of the above-mentioned entities on an international level, regarding the conflict of interest and it’s risks. The results presented are based on a quantitative and qualitative analysis of a sample of 177 multinational entities around the world. In order to achieve the purpose of this research, we took into account over 321 guides, manuals, standards and conflicts of interest policies that were made public by the entities in the selected sample.

Suggested Citation

  • Tatiana Dănescu & Maria Alexandra Botoş, 2018. "Analysis of Companies' Behaviour in Smoothing Conflicts of Interest," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 18(1), pages 45-56.
    • Handle: RePEc:pet:annals:v:18:y:2018:i:1:p:45-56
    as

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    File URL: https://www.upet.ro/annals/economics/pdf/2018/p1/Danescu_Botos.pdf
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    References listed on IDEAS

    as
    1. Peralta, Susana & Wauthy, Xavier & van Ypersele, Tanguy, 2006. "Should countries control international profit shifting?," Journal of International Economics, Elsevier, vol. 68(1), pages 24-37, January.
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    3. Emiliano Di Carlo & Silvia Testarmata, 2012. "Recognizing and Managing Conflicts of Interest: the Case of Italian Listed Companies," DSI Essays Series, DSI - Dipartimento di Studi sull'Impresa, vol. 20.
    4. Ronald B Davies, 2013. "Tariff-induced Transfer Pricing and the CCCTB," Working Papers 201314, School of Economics, University College Dublin.
    5. Hilscher, Jens & Şişli-Ciamarra, Elif, 2013. "Conflicts of interest on corporate boards: The effect of creditor-directors on acquisitions," Journal of Corporate Finance, Elsevier, vol. 19(C), pages 140-158.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    : conflict of interests; risk management; management; companies’ behavior; code of ethics;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

    Statistics

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