ABSTRACT
Corrupt practices in the form of bribes and kickbacks (part of an income paid to a person having infl uence over the size and/or payment of the income by some illegal arrangement) are common phenomena in the world of international business. Such practices result in market distortions and increase the fi nancial costs of doing business, thus undermining business performance. Businesses engaging in corrupt practices also expose themselves to reputational risks that seriously undermine their attractiveness as a business partner.
