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Corrupt Nonmarket Strategies Megaprojects: The Case of a Corrupt Cartel of Construction Companies in the Oil and Gas Sector

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 Green open access

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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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