Corporate disclosures on curbing bribery and the UK Bribery Act 2010: evidence from UK companies

Muhammad Islam* (Corresponding Author), Shamima Haque, Sharon Henderson , Homaira Semeen, Michael Jones

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)
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This study aims to investigate whether United Kingdom (UK)-based companies have changed their voluntary disclosures on curbing the bribery of foreign officials in response to the UK Bribery Act 2010, and if so whether and how such disclosure changes substantively reflected allegations of bribery of foreign officials by news media.
By using the notions of institutional pressure and decoupling and applying content and thematic analysis, the authors examined, in particular, disclosures on curbing bribery by the largest 100 companies listed on the London Stock Exchange in periods before and after the Bribery Act (2007–2012). News media reports covering incidents of bribery of foreign officials and related corporate disclosures before and after the Act were thoroughly examined to problematise corporate anti-bribery disclosure practices.
The study finds a significant change in disclosure on curbing bribery before and after the enactment of the UK Bribery Act, consistent with the notion of institutional coercive pressure. However, decoupling is also found: organisations' disclosures did not substantively reflect incidents of bribing foreign public officials, mostly from underprivileged developing nations.
Research limitations/implications
This study acknowledges a limitation stemming from using media reports that focus on bribery incidents in identifying actual cases or incidents of bribery. As some of the incidents identified from news media reports appeared to be allegations, not convictions for bribery, companies could have defensible reasons for not disclosing some aspects of them.
Practical implications
Regulators should think why new or more regulations without substantive requirement are not helpful to curb corporate decoupling and injustice. The regulators should address the crisis that multinational companies (MNCs) being suppliers of bribery are much more harmful for the underprivileged communities in developing nations. Accordingly, this paper provides practical insights into how stakeholders ought to critically interpret MNCs' accounts of their involvement in bribery.
This study contributes to the accounting literature by problematising MNCs' operations in underprivileged countries. The findings suggest that not only public officials in developing countries as creators of bribery but also Western-based MNCs as the suppliers of bribery contribute to perpetuating unethical practices and injustices to the underprivileged communities in developing countries. This research is imperative as this is one of the first known studies that provides evidence of the actions including disclosure-related actions companies have taken in response to the UK Bribery Act.
Original languageEnglish
Pages (from-to)1851-1882
Number of pages32
JournalAccounting, Auditing & Accountability Journal
Issue number8
Early online date1 Jun 2021
Publication statusPublished - 12 Nov 2021

Bibliographical note

The authorse are pleased to acknowledge the helpful and stimulating responses from colleagues (including Professor Rob Gray) at the CSEAR Conference in St Andrews, 26-28 August 2014.


  • Decoupling
  • Coercive pressure
  • Bribery of foreign public officials
  • Corporate disclosures on curbing bribery
  • Developing nations
  • UK Bribery Act 2010
  • Accounting
  • Economics, Econometrics and Finance (miscellaneous)


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