Castro, A;
(2019)
Corrupt Nonmarket Strategies Megaprojects: The Case of a Corrupt Cartel of Construction Companies in the Oil and Gas Sector.
In:
Proceedings of the EURAM 2019.
European Academy of Management
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Abstract
In this paper I analyze a corrupt cartel of Brazilian construction companies that supplied services to Petrobras, while it invested billions of dollars in megaprojects in Brazil. I use non-traditional data drawn from publicly available and verifiable court investigation data and plea agreement from the public prosecution Brazil and in the USA. I find that the cartel created a set of rules, and enacted their nonmarket strategies across 12 years and that the stability of the group was also mediated by “institutional anchors of trust”. These anchors were peripheral actors such as money launderers and lobbyist that were not part of the firms’ organizational structures. I extend the strategy literature by explaining how corrupt cartels adopt a portfolio of nonmarket strategies that are essential for their maintenance and collaboration of longterm deviant practices
| Type: | Proceedings paper |
|---|---|
| Title: | Corrupt Nonmarket Strategies Megaprojects: The Case of a Corrupt Cartel of Construction Companies in the Oil and Gas Sector |
| Event: | EURAM Exploring the Future of Management 2019 |
| Location: | Lisbon, Portugal |
| Dates: | 26th-28th June 2019 |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://www.euram-online.org/annual-conference-2019... |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett Sch of Const and Proj Mgt |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10083294 |
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