Castro, A;
(2020)
Corporate Corruption in Megaprojects: The Case of an Institutionalization of a Construction Cartel.
In:
Proceedings of the 80th Annual Meeting of the Academy of Management.
Academy of Management
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Abstract
Although managers might deal with or be aware of corrupt practices in their professional settings, how corruption is maintained is still an under-researched in management. In this paper, I analyze the corrupt side of management enacted by a group of construction companies’ suppliers of the oil and gas company Petrobras involved in a portfolio of megaprojects from 2002 to 2014 in Brazil. I use a non-traditional dataset, verifiable court decisions, and plea agreements, and analyze the set of rules created by a corrupt cartel. I find that for a cartel to enact corruption in a portfolio of megaprojects for several years, a set of institutionalized rules of engagement must exist among once “rival” firms. However, these governance practices are based on trust since contractual agreements can’t be drafted or enforced. Then, I develop a model that explains the maintenance of long-term corrupt relationships. Finally, I contribute to the theory development of institutional work by explaining the institutionalization of corruption and identifying how institutional work is used for the maintenance of corrupt cartels practices."
| Type: | Proceedings paper |
|---|---|
| Title: | Corporate Corruption in Megaprojects: The Case of an Institutionalization of a Construction Cartel |
| Event: | The 80th Annual Meeting of the Academy of Management |
| Location: | Vancouver, Canada |
| Dates: | 7th-11th August 2020 |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.5465/AMBPP.2020.12044abstract |
| Publisher version: | https://doi.org/10.5465/AMBPP.2020.12044abstract |
| 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/10107366 |
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