By Johannes Paha
This booklet stories and provides antitrust legislation compliance programmes from varied angles. those programmes were more and more carried out and sophisticated by means of businesses over contemporary years, and numerous facets of this subject were researched. The contributions during this ebook expand past the therapy of criminal matters and express how legal professionals, economists, psychologists, and company students might help layout antitrust legislations compliance programmes extra successfully and run them extra efficiently.
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Extra resources for Competition Law Compliance Programmes: An Interdisciplinary Approach
We conclude from our study that those measures should be improved that help to detect cartelisation risks at an early stage. Furthermore, sanctions imposed by the firms on the offenders of competition laws require a clearer design and more systematic communication. 1 Introduction Non-compliance with competition laws is a substantial source of risk for the providers of equity, the managers, and more generally for the stakeholders not only of large but increasingly also of mid-sized firms. Since 1990, the European G.
E. 85 %) of the companies participating in our survey stated that their employees might be poorly informed about competition laws and the consequences of violating them. In particular, 79 % fear that their employees underestimate the risk of detection (see also Murphy and Kolasky 2012). Therefore, more than 90 % attempt to prevent competition law infringements by offering competition law compliance training and providing additional information on these issues. At the same time companies seem less familiar with the risk factors in the economic environment.
Many connections can also be drawn between our study and that of Bussmann et al. (2013). This study was commissioned by PricewaterhouseCoopers with the objective to examine anticorruption and antitrust law compliance programmes. We complement the study of Bussmann et al. (2013) by investigating the risk factors of anticompetitive conduct in greater detail. We asked the participants to comment on five groups of risks: (i) risk factors in the legal environment, (ii) changes of demand, (iii) risks in the competitive environment, (iv) changes of profits, and (v) adverse incentives of employees.