Corruption fight in the Czech Republic.

What is it about?

This article sheds light on the alarming levels of corruption tolerance in the Czech Republic. Despite efforts by the Association of Social Sustainability of the Czech Republic, the country still has a long way to go in terms of combating corruption. Through content analysis and the Mann-Whitney test, this article explores the relationship between disclosed anti-corruption information and various corporate environment variables. The findings of this study will undoubtedly serve as a wake-up call to businesses and policymakers alike, urging them to take immediate action towards a corruption-free future.

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Photo by Jesus Monroy Lazcano on Unsplash

Photo by Jesus Monroy Lazcano on Unsplash

Why is it important?

The findings of this study indicate that Czech firms tend to disclose more information when they operate in higher-risk sectors such as energy, materials, and financial services, or when they have state ownership. Additionally, companies that participate in CSR initiatives, such as the UN Global Compact and Global Reporting Initiative, tend to enhance their credibility and social responsibility by disclosing more information. Given the pervasive impact of corruption on society, it is critical to identify and implement strategies for prevention and mitigation. By adopting and adhering to various ethical standards, we can help foster a more comprehensive and socially responsible business environment.

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