John T. McCormick and Nancy Paterson
This paper explores the threat that transnational political corruption poses to both the world's development banking and commercial banking sectors.
Abstract
Purpose
This paper explores the threat that transnational political corruption poses to both the world's development banking and commercial banking sectors.
Design/methodology/approach
This paper was written from the perspective of someone who has served as a financial fraud prosecutor, an investigator for the World Bank, and currently as a banking supervisor and regulator. The paper uses three case studies to demonstrate how corrupt actors, using various fraudulent and corrupt schemes, steal funds from development banks, and then launder the illicit proceeds from these schemes into legitimate commercial banking systems around the world.
Findings
The paper describes the reputational and financial risks posed to the commercial and development banking sectors from transnational political corruption, and predicts that these risks will grow as more signatory nations to various anti‐corruption treaties and conventions criminalize the bribery of foreign public officials.
Research limitations/implications
Left unchecked, both commercial and development banks face growing political, legal, and economic risks from political corruption.
Practical implications
Drawing on the lessons learned from the case studies analyzed in the paper, the author offers a number of practical recommendations aimed at reducing the threat posed to commercial and development banks from public corruption.
Originality/value
The paper establishes a common threat posed by transnational political corruption to both the commercial and development banking sectors.
Details
Keywords
Nancy Chen, Mike Chen-ho Chao, Henry Xie and Dean Tjosvold
Scholarly research provides few insights into how integrating the western values of individualism and low power distance with the eastern values of collectivism and high power…
Abstract
Purpose
Scholarly research provides few insights into how integrating the western values of individualism and low power distance with the eastern values of collectivism and high power distance may influence cross-cultural conflict management. Following the framework of the theory of cooperation and competition, the purpose of this paper is to directly examine the impacts of organization-level collectivism and individualism, as well as high and low power distance, to determine the interactive effects of these four factors on cross-cultural conflict management.
Design/methodology/approach
This is a 2×2 experiment study. Data were collected from a US laboratory experiment with 80 participants.
Findings
American managers working in a company embracing western low power distance and eastern collectivism values were able to manage conflict cooperatively with their Chinese workers. Moreover, American managers working in a company valuing collectivism developed more trust with Chinese workers, and those in a company culture with high power distance were more interested in their workers’ viewpoints and more able to reach integrated solutions.
Originality/value
This study is an interdisciplinary research applying the social psychology field’s theory of cooperation and competition to the research on employee-manager, cross-cultural conflict management (which are industrial relations and organizational behavior topics, respectively), with an eye to the role of cultural adaptation. Furthermore, this study included an experiment to directly investigate the interactions between American managers and Chinese workers discussing work distribution conflict in four different organizational cultures.
Details
Keywords
In order to expand availability of the FirstSearch system, OCLC has instituted a new subscription pricing option. The University of Utah became the first institution to select the…
Abstract
In order to expand availability of the FirstSearch system, OCLC has instituted a new subscription pricing option. The University of Utah became the first institution to select the new pricing system.
Melanie Levasseur, Daniel Naud, Nancy Presse, Nathalie Delli-Colli, Patrick Boissy, Benoît Cossette, Yves Couturier and Julien Cadieux Genesse
This conceptual paper aims to describe aging all over the place (AAOP), a federative framework for action, research and policy that considers older adults’ diverse experiences of…
Abstract
Purpose
This conceptual paper aims to describe aging all over the place (AAOP), a federative framework for action, research and policy that considers older adults’ diverse experiences of place and life trajectories, along with person-centered care.
Design/methodology/approach
The framework was developed through group discussions, followed by an appraisal of aging models and validation during workshops with experts, including older adults.
Findings
Every residential setting and location where older adults go should be considered a “place,” flexible and adaptable enough so that aging in place becomes aging all over the place. Health-care professionals, policymakers and researchers are encouraged to collaborate around four axes: biopsychosocial health and empowerment; welcoming, caring, mobilized and supportive community; spatiotemporal life and care trajectories; and out-of-home care and services. When consulted, a Seniors Committee showed appreciation for flexible person-centered care, recognition of life transitions and care trajectories and meaningfulness of the name.
Social implications
Population aging and the pandemic call for intersectoral actions and for stakeholders beyond health care to act as community leaders. AAOP provides opportunities to connect environmental determinants of health and person-centered care.
Originality/value
Building on the introduction of an ecological experience of aging, AAOP broadens the concept of care as well as the political and research agenda by greater integration of community and clinical actions. AAOP also endeavors to avoid patronizing older adults and to engage society in strengthening circles of benevolence surrounding older adults, regardless of their residential setting. AAOP’s applicability is evidenced by existing projects that share its approach.