The experience and perception of corruption: A comparative study in 34 societies
In this article we show that perceptions of corruption and the experience of bribery are related theoretically and empirically at the individual level, although the magnitude of this association re...
And what are the implications for the banks’ “ethical makeover”? Can conduct cost levels be reconciled with this? Some commentators have, for example, observed that it seems inappropriate to worry about the Co-operative Group potentially losing control over the Co-operative Bank, for fear it will not be able to hold on to its “ethical policies”, when that bank’s ethics are already under suspicion due to the scale (a £269M provision)of its product mis-selling. Do provisions like this reflect on ethics? It’s hard to argue that there is no relationship at all. But perhaps the conduct costs reflect the “bad old days” and, under new management, we can expect banks to improve?