How to Cite
Leo-Castela, J. I., & Sánchez-Macías, J. I. . (2021). Corporate Integrity Policies as Economic Policy in the OECD. Revista Finanzas Y Política Económica, 13(1), 143–170. https://doi.org/10.14718/revfinanzpolitecon.v13.n1.2021.7
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Abstract

In the 20th century, traditional economic doctrine was focused on studying from different perspectives, the relationship between corruption (and related economic crimes) and growth and economic development. However, new OECD policies and recommendations clearly support a greater role of institutional factors in the prevention of social harm inherent in corruption offenses. Using an econometric analysis methodology (probit regression model) and a complete-linkage clustering approach, this paper shows the growing importance of corporate compliance in the OECD, especially, since the legal regulation of the liability of legal persons and the appointment of a compliance officer. Our research results suggest that this integrity policy underwent a geographical expansion from the Anglo-Saxon countries to the rest of the OECD member countries; additionally, institutional and historical aspects are regaining importance in the functioning of the world economy as a lever of change for corporate integrity.

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