Compliance and corporate performance

The term compliance has been used and discussed extensively among the business community in the past years. The number of laws, codes, and standards has increased continuously. Sanctions for corporations, managers and employees have been toughened. Firms are faced with a large number of obligatory and voluntary compliance standards. Based on economic and managerial theories, Dirk Pupke discusses the relationship between compliance and corporate performance. He derives coordination mechanisms and concludes that the hybrid compliance approach is the best way for companies to deal with these challenges. The empirical study conducted by the author brings additional insights into the topic and based on the scope of international enterprises confirms the anticipated benefits of a hybrid compliance approach. This work is an innovative study of compliance and its impact on corporate performance. It brings a structured approach to compliance and offers unique results on compliance management. It is an essential reading for researchers and students in the fields of finance and management, and gives interesting insights to compliance managers.