Comunicação em evento científico
The missing ethical dimension: an application of TCE to the case of the Inquiry Committee into Oil-for-Food Program Scandal
Maria do Rosário Da Veiga (Da Veiga, M. R.); Maria João Major (Major, M.);
Título Evento
AAAJ Special Forum Workshop
Ano (publicação definitiva)
2017
Língua
Inglês
País
Polónia
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Abstract/Resumo
Purpose: This paper seeks to address decisions of governance oversight structures in the context of systemic failures of probity / ethics, applying Williamson’s (1999) framework to explore “probity” and “independence” transactions’ attributes enhanced with the “virtues ethics” of McCloskey’s (2006) framework. Design/methodology/approach: Through historical narrative case based research and built on the case of the 2004 United Nations inquiry of the scandal of fraud and corruption in the management of the Oil-for-Food Programme (OFFP) for Iraq the investigation seeks to respond to the research questions: i) has the inquiry worked?; and ii) did the TCE’s discriminating alignment hypothesis succeed in the case of the Oil-for-Food scandal inquiry? Findings: The paper demonstrates that the inquiry into the OFFP, which contains “sovereign” as well as “quasi-judiciary” transactions elements did not work. The Transaction Cost Economics (TCE) alignment hypothesis did not function and “probity” hazards – “ethics” – cannot be relieved by governance structures, i.e., incentives. Originality/value: We argue that TCE should be modified to include McCloskey’s “virtues ethics” behavioural dimension as a transaction costs’ reduction device and an explanatory framework for bureaucratic ethical failures.
Agradecimentos/Acknowledgements
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Palavras-chave
Internal Oversight,Internal Audit,Transaction Cost Economics,Virtues Ethics,United Nations,Oil-for-Food Program,International Organizations,Public Sector.