Conclusion
Despite the economic importance of financial markets and institutions, emerging countries often suffer from a high level of corruption in this economic sector. The purpose of this article was to understand the institutional
reasons for the importance of corruption in financial institutions in emerging countries. Based on
the neo-institutional literature, our research aims to show the link between corruption and organizational
isomorphism in financial institutions in emerging countries. This type of research is difficult since the
central concept of corruption is by nature hidden. We have chosen therefore to use direct collection of data
through interviews with 70 executives in 18 emerging countries. A questionnaire was built with various
statements linked to a quantitative answer scale. This entitles us to use a quantitative methodology to analyze
the collected information. The PLS approach was selected to test our theoretical model. The developed
model provides an integrated approach to the study of the relationship between corruption and organizational
isomorphism. Our empirical data allowed us to test various theoretical hypotheses.