Skip to main content

Research Repository

Advanced Search

The culpability of accounting practice in promoting bribery and corruption in developing countries

Khair, Amal Hayati Ahmad; Lauwo, Sarah; Otusanya, Olatunde Julius


Amal Hayati Ahmad Khair

Sarah Lauwo

Olatunde Julius Otusanya


Bribery and corruption are increasing in the developing countries. It has been estimated that some $400 billion of bribe is paid to political elite in developing countries. Such huge amounts of money cannot be successfully executed without the active involvement of multinational companies (MNCs) from the Western countries. This paper examines the processes involved in the misapplication of accounting practice from the perspective of anti-social criminal practices. It analyses the implication of accounting practice in the construction of MNCs bribery and corruption activities. The paper locates MNCs enterprise culture and accounting practice within the broader dynamics of global capitalism to argue that the drive for higher profit at almost any cost is not constrained by accounting rules, laws and even periodic regulatory actions. The paper uses publicly available evidence to illuminate the role of accounting technology in concealing and facilitates MNCs corrupt practices in developing countries. Evidence is provided to show that to secure and retain business in developing countries and to gain competitive advantages MNCs have engaged in bribery and corruption. The paper also makes suggestions for reform.


Khair, A. H. A., Lauwo, S., & Otusanya, O. J. (2017). The culpability of accounting practice in promoting bribery and corruption in developing countries. International Journal of Economics and Accounting, 8(2), 106.

Journal Article Type Article
Acceptance Date May 16, 2017
Publication Date 2017-12
Deposit Date Aug 9, 2017
Publicly Available Date Jul 1, 2018
Journal International journal of economics and accounting
Print ISSN 2041-868X
Electronic ISSN 2041-8698
Publisher Inderscience
Peer Reviewed Peer Reviewed
Volume 8
Issue 2
Pages 106
Keywords Accounting; Bribery; Corruption; Multinational companies; Developing countries; Transparency; Accountability
Public URL
Publisher URL
Copyright Statement ©2017 University of Hull
Additional Information This is a description of an article accepted for future publication in: International journal of economics and accounting.


You might also like

Downloadable Citations