International Journal of Business, Economics and Management

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No. 4

Implications of Accountants Unethical Behavior and Corporate Failures

Pages: 82-94
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Implications of Accountants Unethical Behavior and Corporate Failures

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DOI: 10.18488/journal.62.2017.44.82.94

Udeme Enobong Eshiet

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Udeme Enobong Eshiet (2017). Implications of Accountants Unethical Behavior and Corporate Failures. International Journal of Business, Economics and Management, 4(4): 82-94. DOI: 10.18488/journal.62.2017.44.82.94
Purpose/objective: Emphasis on short term profit and share prices as criteria for the determination of business success have led to attrition of stakeholder trust and unlocked the doors for unethical conducts by professional accountants.   Acceptable ethics and encounters of accountants are very critical in the global market place.  This study was undertaken to advocate high ethical practices by accountants to protect the interest of the stakeholders. Methodology/approach: A literature review of fifteen scholarly peer-reviewed journal articles on corporate scandals caused by unethical behaviors of corporate leaders and accountants. Findings: (1) Unethical practiced by accountants have unintended consequences globally; (2) The accounting profession has suffered severe image damages as a result of unethical behaviors by corrupt accountants; (3) Unethical behaviors by accountants significantly contributed to the global corporate scandals, the Nigerian banking sector reorganization, and the extinction of some global companies from 2002 - 2009; (4) With the right corrective measures, organizations plagued with scandals can survive ethical challenges; (5) Audit committees oversight functions are critical in preventing corporate scandals; (6) (Un) ethical behaviors by professional accountants, organizational leaders is a tenable leadership theory. Implications/research limitations: This study, grounded in conceptual framework of business ethics, addressed the implications of unethical behaviors by accountants. This research examined the penalties of immoral conducts by accountants and organizational leaders citing Tyco International scandal as case study.  Implications are that unethical behaviors by accountants have unintended consequences on stakeholders.  Unethical behaviors by accountants contributed to global corporate scandals, the Nigerian banking sector reorganization, and the extinction of some global companies from 2002 – 2009.  For imminent studies, effort should be made to include other relevant literature into the study.

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Internationalization of State Multilatinas: A Multi-Case Study in The Oil Sector

Pages: 65-81
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Internationalization of State Multilatinas: A Multi-Case Study in The Oil Sector

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DOI: 10.18488/journal.62.2017.44.65.81

Citation: 2

Jose Satsumi Lopez-Morales , Alejandro Roberto Gonzalez-Barragan , Andres Maldonado-de Luna , Eduardo Antonio Velez-De Alba , Jose Roberto Muller-Jasso

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Jose Satsumi Lopez-Morales , Alejandro Roberto Gonzalez-Barragan , Andres Maldonado-de Luna , Eduardo Antonio Velez-De Alba , Jose Roberto Muller-Jasso (2017). Internationalization of State Multilatinas: A Multi-Case Study in The Oil Sector. International Journal of Business, Economics and Management, 4(4): 65-81. DOI: 10.18488/journal.62.2017.44.65.81
In general the study of internationalization process of companies from Latin America is scarce compared with companies from Europe and USA. Likewise the study of state ownership in the region is scarce. In this regard, the main aim of this paper is analyze the internationalization patterns of the main state multilatinas: PEMEX (Mexico), PETROBRAS (Brazil) and PDVSA (Venezuela). Considering the interpretation of the main internationalization theories as: Eclectic paradigm and Uppsala model, a multi-case method was carried out in order to fulfill the purpose of this paper. The main results suggest an integrated operation, combined with innovation and technological development is used by the studied companies. Likewise, the three companies follow similar internationalization patterns as exports, joint ventures and foreign direct investment. The main difference is the place where they go abroad, PEMEX mainly focus its international operations in Europe and USA, PDVSA, go mainly USA and Asia and PETROBRAS go to Latin America and Africa.

Contribution/ Originality
The main contribution of this paper is analyzed the way that the State participates in the internationalization process in Latin America.