CORRUPTION IN PRIVATE SECTOR

Abstract

Corruption is a universal and specific phenomenon of  multifactor and multi aspect character and it embraces a lot of shades and types. This establishes a wide understanding of that phenomenon in social science and law. Corruption and bribery are types of fraud and are linked with the private sector too. Although certain types of corruption will decline as the private sector grows and consolidates, other new types involving private sector firms may increase. The commercial corruption can be described as relation inside of an organization and as relation between firms. Weak institutions, an uncertain rule of law, insecure property rights, a lack of corporate accountability encourage the kind of short term focus that makes corruption. Corruption in private sector in Poland is connected with social distrust and specific organizational culture too. Such corruption is a genuine threat and creates new dangerous for further development, causes loss of competitiveness and creates  a substitute for fair market and competition in polish economy and abroad.