Do Corporate Compliance Programs Influence Compliance?
Posted: 15 Sep 2006 Last revised: 13 Aug 2014
Date Written: September 1, 2006
What impact does the implementation of formal compliance management programs have on large business organization's compliance with the law? This paper reports results from analysis of survey responses from 999 large Australian businesses that show that implementation of competition and consumer protection compliance programs can improve compliance with competition and consumer protection law. The effect is mainly indirect because compliance programs translate into good management of compliance in practice. We also find that three other factors, management commitment to compliance values, managerial competence and organizational resources, are more important than compliance programs in determining the actual level of compliance.
Keywords: compliance, compliance programmes, regulation, competition law, consumer protection law, australian competition and consumer commission
JEL Classification: D23, K21, K42
Suggested Citation: Suggested Citation