Academy Of International Business Research Articles

Is the Foreign Corrupt Practices Act of 1977 a Success or Failure? A Survey of Members of the Academy of International Business

The Foreign Corrupt Practices Act, enacted by the U.S. Congress in 1977, was intended to improve international confidence in U.S. businesses and institutions. This paper presents the results of a questionnaire submitted to members of the Academy of International Business to determine whether the Act has achieved its goal. The opinions of knowledgeable academicians should add another dimension to this debatable issue.