Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Corporate financial crime: social diagnosis and treatment

Corporate financial crime: social diagnosis and treatment Purpose – The purpose of this viewpoint paper is to assist in finding solutions for the growing moral and social issues of financial crime plaguing corporations today. Design/methodology/approach – Methodology includes the synthesis of existing theories in economic sociology and criminology to “diagnose” and “treat” the existing flaws in corporate structures that have led to malaise and malfeasance. Theories include differential association, self‐control, and control balance, taking into consideration the characteristics of individuals and corporate structures. Findings – Findings suggest that corporate structure has to be critically scrutinized and changes implemented, including close examination of informal and formal communication and salary structures. Practical implications – This paper suggests concrete strategies and policy changes for regulators, corporate decision makers, and academics. Originality/value – The synthesis of existing theories in white collar malfeasance and crime provides a template to increase corporate social responsibility and promote policy/regulatory changes in the current economic climate. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Crime Emerald Publishing

Corporate financial crime: social diagnosis and treatment

Laura L. Hansen
Journal of Financial Crime , Volume 16 (1): 13 – Jan 2, 2009
Download PDF
13 pages

Loading next page...
 
/lp/emerald-publishing/corporate-financial-crime-social-diagnosis-and-treatment-BVF152nlNw

References (54)

Publisher
Emerald Publishing
Copyright
Copyright © 2009 Emerald Group Publishing Limited. All rights reserved.
ISSN
1359-0790
DOI
10.1108/13590790910924948
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this viewpoint paper is to assist in finding solutions for the growing moral and social issues of financial crime plaguing corporations today. Design/methodology/approach – Methodology includes the synthesis of existing theories in economic sociology and criminology to “diagnose” and “treat” the existing flaws in corporate structures that have led to malaise and malfeasance. Theories include differential association, self‐control, and control balance, taking into consideration the characteristics of individuals and corporate structures. Findings – Findings suggest that corporate structure has to be critically scrutinized and changes implemented, including close examination of informal and formal communication and salary structures. Practical implications – This paper suggests concrete strategies and policy changes for regulators, corporate decision makers, and academics. Originality/value – The synthesis of existing theories in white collar malfeasance and crime provides a template to increase corporate social responsibility and promote policy/regulatory changes in the current economic climate.

Journal

Journal of Financial Crime – Emerald Publishing

Published: Jan 2, 2009

Keywords: Crimes; Financial control; Regulation; Corporate governance

There are no references for this article.