of federal securities and corporate law since the New Deal legislation ofthe 1930s. The act was a reaction to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. These scandals, which cost investors billions of dollars when the share prices of affected companies collapsed, shook public confidence in t
The definitions of corruption are various. It is difficult to define the concept of corruption because the reality of corruption cannot be fully grasped but the results of corruption can be same in every country; ‘腐敗’ means decayed and collapse, ‘corruption’ means destroyed together.
Public corruption causes much larger problems than inthe private sector due to the difference in t
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In capitalism, most ofthe country's private sector has greater employment ratio than state. Thus, the disabled employment policy can be realized by imposing obligations on private companies. As a result, the microscopic point of view, government adjust therights ofthe disabled and private company. Inthe macro perspective, the policy achieve harmony inthe economic order.
However there is env
문화를 만들어내고 이는 결국 시장의 비효율성(시장실패, 역자 주)을 야기한다.
International Journal ofPublicSector Management, Vol. 10 No. 5,
1997, pp. 311-330. ?MCB
University Press, 0951-3558
This paper develops some ofthe concepts in EDI's working paper "The Role of a National
Integrity System in Fighting Corruption", The World Bank, 1997.
IJPSM