Analysis of the cases of corruption in Petrobras from the point of view of the regulatory principles proposed by Joseph Stiglitz
Keywords:
corruption, government, market failure, regulationAbstract
Purpose ”“ To find, in light of the principles of regulation proposed by Joseph Stiglitz, how government and market failures contributed to the occurrence of corruption cases in Petrobras.
Methodology/approach/design ”“ This article analyzes corruption scandals in Petrobras based on the information gathered in Operation Car Wash and, based on the principles of regulation established by Joseph Stiglitz, critically verifies how market and government failures contributed to the fraud, collusion and corruption in the state-owned enterprise.
Findings ”“ Market and government failures contributed decisively to the occurrence of corruption in the state-owned enterprise.
Practical implications ”“ The present study can help designing a regulatory framework that effectively discourages the practice of fraud, collusion and corruption in public bids.
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CARLSSON, U. The Rise and Fall of NWICO: From a Vision of International Regulation to a Reality of Multilevel Governance. Nordicom Review, v. 2, p. 31-68, 2003.
ECONOMÁTICA. Economatica, 23 nov. 2016. Disponível em: <https://economatica.com/estudos.html>.
ECONÔMICO, V., 6 dez. 2015. Disponível em: <http://www.valor.com.br/empresas/4017554/petrobras-perde-r-62-bi-com-corrupcao-e-tem-prejuizo-de-r-216-bi>.
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HÄBERLE, P. Die Wesensgehaltgarantie des Art. 19 Abs. 2 Grundgesetz. Karlsruhe: C.F.Müller, 1962.
HUMBOLDT, W. V. On Language: On the Diversity of Human Language Construction and its Influence on the Mental Development of the Human Species. Tradução de Peter Heath. Cambridge: Cambridge University Press, 1999.
ICHRP, I. C. O. H. R. P., 19 ago. 2016. Disponível em: <http://www.ichrp.org/es/proyectos/131>.
INTERNATIONAL, T. Transparency International - What is Corruption, 3 dez. 2016. Disponível em: <http://www.transparency.org/what-is-corruption>.
KRAMER, M. Fighting Corruption and Promoting Competition. Global Forum on Competition, 30 Janeiro 2014.
LEVY, B.; SPILLER, P. (. ). Regulations, Institutions and Commitment. Cambridge: Cambridge University Press, 1996.
LUHMANN, N. Law as a Social System. Tradução de Klaus A. Ziegert. Oxford: Oxford University Press, 2004.
MME, M. D. M. E. E. Ministério das Minas e Energia. Site do MME, 22 nov. 2016. Disponível em: <http://www.mme.gov.br/web/guest/publicacoes-e-indicadores/boletins-de-energia?p_p_auth=qUItiYSy&p_p_id=20&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&_20_struts_action=%2Fdocument_library%2Fview_file_entry&_20_redirect=http%3A%2F%2Fwww.mme.gov.br%2Fweb>.
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PETROBRAS. Site da Petrobras, 28 nov. 2016. Disponível em: <http://www.petrobras.com.br/pt/quem-somos/principais-subsidiarias-e-controladas/>.
PETROBRAS, R. D. A. D. 2., 28 nov. 2016. Disponível em: <http://www.investidorpetrobras.com.br/pt/relatorios-anuais/relatorio-de-administracao>.
PRICE, M. E.; NOLL, R. G. (. ). A Communications Cornucopia: Markle Foundation Essays on Information Policy. Washington, DC: Brookings Institution Press, 1998.
ROSE-ACKERMAN, S.; LINDSETH, P. L. (Eds.). Comparative Administrative Law. Cheltenham, UK: Edward Elgar, 2010.
ROSE-ACKERMAN, S.; PALIFKA, B. J. Corruption and Government: Causes, Consequences, and Reform. New York: Cambridge University Press, 2016.
STIGLITZ, J. E. In: EDWARD BALLEISEN AND DAVID MOSS, E. Government and Markets: Toward a New Theory of Regulation. New York, NY: Cambridge University Press, 2009. p. 16-44.
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Published
2017-05-15
How to Cite
FALCÃO, Fernando Antônio da Silva. Analysis of the cases of corruption in Petrobras from the point of view of the regulatory principles proposed by Joseph Stiglitz. Journal of Law and Regulation, [S. l.], v. 3, n. 1, p. 165–182, 2017. Disponível em: https://periodicos.unb.br/index.php/rdsr/article/view/19200. Acesso em: 27 nov. 2024.
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