Disclosure, compliance, transient competitive advantage.
Acts of bribery, money laundering and other illicit activities have evolved into a major social issue throughout the world, making it a concern for organizations to maintain their legitimacy. To mitigate acts of corruption, companies may disclose anti-corruption information as a way to keep track of unlawful acts by stakeholders. Although there is no consensus on whether superior performance is the cause or effect of competitive advantage, it is known that these concepts are related. Within the elements of transient competitive advantage, anticorruption compliance practices can be understood as a requirement to maintain the new opportunities of the business enterprise, since it provides the market and stakeholders with a greater level of transparency of corporate actions implemented with a view to improving their reputation and consequently their economic and financial performance. Thus, it is argued that greater monitoring through a compliance program tends to lead to incremental transient improvements in the company's internal dynamics and in its relations with the market. Thus, the study considers that there is a positive relationship between disclosure of anticorruption practices and economic-financial performance providing a transient competitive advantage.