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Corporate Corruption in Megaprojects: The Case of an Institutionalization of a Construction Cartel

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 Green open access

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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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