Hide and Protect : A Role of Global Financial Secrecy in Shaping Domestic Institutions / Gulnaz Sharafutdinova
Mitwirkende(r): Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: World Bank E-Library ArchiveVerlag: Washington, D.C : The World Bank, 2020Beschreibung: 1 Online-Ressource (29 pages)Andere physische Formen: Erscheint auch als: Hide and Protect: A Role of Global Financial Secrecy in Shaping Domestic Institutions. Druck-Ausgabe Washington, D.C : The World Bank, 2020DOI: DOI: 10.1596/1813-9450-9348Online-Ressourcen: Zusammenfassung: This paper reviews the literature that explores the drivers and effects of financial secrecy on emerging economies. It shows that most of the research on financial secrecy has been focused on issues of tax avoidance, neglecting the problems of institutional arbitrage that go beyond taxation issues. The paper discusses the limits of the institutionalist paradigm that treats businesses solely as rule-takers and calls for more attention to business agency and responsibility. Discussions about corporate social responsibility in emerging economies should incorporate thinking about the potential role that businesses, and especially big corporations, could play in promoting more effective institutions at home. Further research is needed to understand the political and institutional effects of global financial secrecy at the domestic level. The paper suggests some promising avenues for future research as well as new items to be included on the policy-making agenda in relation to financial secrecyPPN: PPN: 1774323125Package identifier: Produktsigel: ZDB-1-WBADieser Titel hat keine Exemplare