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Victims of their own success abroad? Why the withdrawal of US transparency rules is hindered by diffusion to the EU and Canada

Datos Bibliográficos

ID6289316
AutoresBjorn Kleizen (0000-0002-3818-682X, University of Antwerp, autor de correspondencia)
Año2019
Volumen26
Número3
Páginas446-467
Fecha de publicación2019-03-04
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaJournal of European Public Policy (JOURNAL)
Identificadores de la revistaISSN: 1350-1763 • E-ISSN: 1466-4429
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/13501763.2018.1443490
OpenAlexW2790230392
IdiomaEN
Citas recibidas1
Referencias citadas29

Recent years have seen significant efforts to reduce corruption in the oil, gas and mineral industries. Under the Obama administration, rules were adopted obliging stock-exchange-listed extraction companies to disclose payments to domestic and foreign governments, an initiative which soon spread to the European Union and Canada. Under Trump, however, policy preferences changed, and the disclosure requirements were withdrawn. This article investigates how diffusion of United States (US) disclosure rules has mitigated the effects of the withdrawal process through insights on norm diffusion, market power and rules applicable beyond states’ territorial borders. It is argued that when (1) rules with broad external applicability (2) diffuse to multiple influential jurisdictions and (3) address large multinationals in (4) an internationally interdependent sector, global standards of regulation may emerge. As these conditions are largely (although not entirely) fulfilled, it is likely that most large US multinationals will remain at least partially subject to payment disclosure obligations

Business · Economics · European union · Interdependence · International economics · International trade · Norm (philosophy · Payment · Political science · Stock (firearms · Transparency (behavior · International Arbitration and Investment Law · Law · Regulation and Compliance Studies · State Capitalism and Financial Governance · Accounting · Finance

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Obras citantes distintas1
Citas por año0,17
Intervalo de citas2020 - 2020 (1)
Velocidad de citaciónhistorical
Altamente citadoNo
Tipos de citaNeutras: 1
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