scholarly journals “White-Collar Crime”

2016 ◽  
Vol 57 (3) ◽  
pp. 385-415 ◽  
Author(s):  
Arjan Reurink
Keyword(s):  
Financial Markets ◽  
White Collar Crime ◽  
White Collar ◽  
Future Research ◽  
Financial Crime ◽  
Sociological Research ◽  
Financial Industry ◽  
Social Legitimacy ◽  
Center Stage ◽  
The Social

AbstractDespite the ubiquity of illegality in today’s financial markets and the questions this raises with regard to the social legitimacy of today’s financial industry, systematic scrutiny of the phenomenon of financial crime is lacking in the field of sociology. One field of research in which the illegal dimensions of capitalist dynamics have long taken center stage is the field of white-collar crime research. This article makes available to economic sociologists an overview of the most important conceptual insights generated in the white-collar crime literature. In doing so, its aim is to provide economic sociologists with some orientation for future research on financial crime. Building on the insights generated inwccliterature, the article concludes by suggesting a number of promising avenues for future sociological research on the phenomenon of illegality in financial markets.

The Social Construction of Corporate Violence: Media Coverage of the Imperial Food Products Fire

1995 ◽  
Vol 41 (1) ◽  
pp. 20-36 ◽  
Author(s):  
John P. Wright ◽  
Francis T. Cullen ◽  
Michael B. Blankenship
Keyword(s):  
Media Coverage ◽  
White Collar Crime ◽  
Food Products ◽  
White Collar ◽  
Newspaper Coverage ◽  
Processing Plant ◽  
Criminal Convictions ◽  
Safety Regulations ◽  
The Social ◽  
The Media

Although investigative reports have contributed to the social movement against white-collar crime, few studies assess the extent to which the media socially construct corporate violence as a “crime.” We examine this issue through a content analysis of newspaper coverage of the fire-related deaths of 25 workers at the Imperial Food Products chicken-processing plant, which resulted in the company's owner pleading guilty to manslaughter. The analysis revealed that newspaper reports largely attributed the deaths to the lax enforcement of safety regulations but did not initially construct the deaths as a crime or subsequently publicize the criminal convictions.

scholarly journals White-collar crime

2017 ◽  
Vol 19 (2) ◽  
pp. 120-126 ◽  
Author(s):  
Petter Gottschalk
Keyword(s):  
Law Enforcement ◽  
Empirical Evidence ◽  
Religious Belief ◽  
White Collar Crime ◽  
White Collar ◽  
Religious Organizations ◽  
Deterrent Effect ◽  
Financial Crime ◽  
Delinquent Behaviour ◽  
Neutralization Techniques

Policing religious organizations presents challenging situations. When there is suspicion of financial crime by white-collar criminals, secrecy and trust represent obstacles to law enforcement. This article discusses the lack of detection and neutralization techniques often applied in religious organizations. There may be too much trust, too much freedom, too much individual authority, too little scepticism, too much loyalty and too little control of the financial side in religious organizations. There may be no empirical evidence for the proposition that religion has a deterrent effect on crime, although sociologists and criminologists have long recognized potential links between religious belief and delinquent behaviour.

Financial crime – is there any way out of the theoretical deadlock?

2017 ◽  
Vol 24 (4) ◽  
pp. 529-540
Author(s):  
Paul Eisenberg
Keyword(s):  
Design Methodology ◽  
State Of The Art ◽  
White Collar Crime ◽  
White Collar ◽  
The State ◽  
Financial Crime ◽  
Content Type ◽  
The Past ◽  
Financial Scandals ◽  
Research Questions

Purpose This paper aims to approach fundamental topics of financial crime and the law. What does constitute financial crime? Which field of law is best suited to address the threats of transgression by financial executives? What does motivate highly rewarded financiers to become white collar criminals? Design/methodology/approach To answer these research questions, contemporary theories of criminology in general and of white collar crime in particular, as well as theories on motivation, are critically discussed. Benefits and limitations of the theories in use are exemplified on the background of the London Interbank Offered Rate (LIBOR) scandal. Findings The paper criticises that the state-of-the-art theories are not able to embrace financial criminality in its entirety. A provoking pace for further research might be that of psychopathic disorders among white collar criminals. Thus, white collar crime maintains its challenging character. Originality/value This paper provides a thorough testing of multidisciplinary theories that emerged over the past decades against the recent LIBOR scandal. The research questions addressed and the methodologies applied provide a framework for the assessment of the prevailing theories against other financial scandals.

scholarly journals Situational Criminogenic: The Financial Crime’s Collaborative Factors in Indonesia

2021 ◽  
Author(s):  
Supriyanto ◽  
Adrianus Meliala
Keyword(s):  
Unit Area ◽  
White Collar Crime ◽  
White Collar ◽  
Point Of View ◽  
Financial Crime ◽  
Grounded Theory Method ◽  
Financial Crimes ◽  
Cultural Status ◽  
Ponzi Scheme ◽  
Depth Interviews

Financial crimes in Indonesia from 2014-2018 were classified as quite dynamic with a total of 241,367 cases. In 2018 the legal unit area of Polda Metro Jaya had the highest number of cases of 5,526 cases of financial crimes. This study seeks to examine the determinant aspects of financial crime in Indonesia. I used the illustration of the case of First Travel and the Koperasi Simpan Pinjam (KSP) Pandawa that occurred in Indonesia with a total loss of up to IDR 1 trillion. Discussions in this paper begin from the point of view of white collar crime that elaborated with criminaloid and organizational criminogenic aspects. This study uses a grounded theory method through in-depth interviews of actors. The result is that on the criminaloid aspect, the perpetrators have a tendency to easily confess, have certain social and cultural status, has moral sensitivity and intelligence, and has skills, but hesitates in acting. Meanwhile, in the organizational criminogenic aspect, it was found that the perpetrators were in an environment with profit-oriented ambitions, had certain business perceptions, had a loyal attitude towards their group and their human resources tended to be homogeneous. The results of this study found that a supportive situation is needed in financial crime based on the illustrations of the cases used. Situational criminogenic aspects in research in the form of business that utilize religious sentiments, use a cooperative system and manage funds with a Ponzi scheme. This research will enrich criminology studies, especially in the field of white collar crime. Other than that, hopefully can be useful in the formulation of policies for stakeholders.

scholarly journals The problem of, and with, financial crime

2020 ◽  
Vol 63 (4) ◽  
pp. 495-508
Author(s):  
George Gilligan
Keyword(s):  
Law Enforcement ◽  
White Collar Crime ◽  
White Collar ◽  
Financial Crime ◽  
Legal Definition ◽  
Short Survey ◽  
Interdisciplinary Approaches ◽  
Definitional Uncertainty ◽  
The Uk

Financial crime is a term that is widely used, but it is a label or category that is bedevilled by definitional uncertainty and this uncertainty impacts upon how it is perceived and acted upon by law enforcement and other regulatory actors. This is perhaps not surprising and echoes many of the difficulties that have plagued efforts to counter white-collar crime. This article considers the definitional and other ambiguities that have permeated debates about both white-collar and financial crime. The analysis draws on a short survey which asked law enforcement and other regulatory actors in Australia and the UK whose responsibilities included countering behaviours that could be viewed as financial crime, what operational definitions of financial crime they employed in the course of their work. Results indicate that definitional uncertainty ensures that there are numerous understandings of what constitutes financial crime and no immediate prospect of a universal legal definition. However, there are some interesting classification developments for financial crime emerging from the business sciences literature and interdisciplinary approaches would seem to offer the most promise for categorising the suite of evolving behaviours that comprise financial crime.

scholarly journals Finance on Trial

2017 ◽  
Vol 58 (1) ◽  
pp. 113-141 ◽  
Author(s):  
Thomas Angeletti
Keyword(s):  
White Collar Crime ◽  
White Collar ◽  
Criminal Trial ◽  
Financial Industry ◽  
The One

AbstractIn the context of the recent financial meltdown, the financial industry has frequently been accused of being indifferent to the irregular practices of its members or even to be criminogenic. But how do actors of the financial industry respond to such accusations and defend themselves? How do they justify their actions when facing legal charges as well as public blame? This article elucidates these questions through a rare ethnographic case: the first criminal trial of a trader involved in the manipulation of Libor, which took place in London in 2015. Tied to at least $300 trillion contracts, Libor is a benchmark that plays a key role in the financial industry. The paper offers a sociological framework to capture the justifications of financial wrongdoings, arguing that they are structured around three elements: (a) a conception of rules; (b) a narrative; (c) a form of responsibility. I distinguish three justifications: the one of the maker, of the interpreter and of the user. I finally discuss how these justifications contribute to the general tolerance towards white-collar crime.

White-Collar Crime Defence Knowledge: Predictors of Lawyer Fame

2014 ◽  
Vol 13 (01) ◽  
pp. 1450001
Author(s):  
Petter Gottschalk
Keyword(s):  
Regression Analysis ◽  
Statistical Analysis ◽  
White Collar Crime ◽  
White Collar ◽  
Upper Class ◽  
Financial Crime ◽  
Statistical Regression ◽  
Legal Principles ◽  
Independent Variables ◽  
The Law

The white-collar crime attorney is a lawyer who is competent in general legal principles and in the substantive and procedural aspects of the law related to upper-class financial crime. Based on a sample of 310 convicted white-collar criminals and their defence lawyers, this paper presents results from statistical analysis of relationships between crime characteristics and defence characteristics to predict lawyer fame. Statistical regression analysis was applied to the sample, where amount of crime money and years in prison represent crime characteristics, while number of client cases and lawyer income represent defence characteristics. About 91% of the variation in attorney fame is explained by these four independent variables.

scholarly journals Human resource reporting: Implications for corporate governance

2021 ◽  
Vol 5 (5) ◽  
pp. 26-36
Author(s):  
Hugh Grove ◽  
Maclyn Clouse ◽  
Tracy Xu
Keyword(s):  
Human Capital ◽  
Human Resource ◽  
Boards Of Directors ◽  
White Collar Crime ◽  
Research Question ◽  
Accounting Standards ◽  
White Collar ◽  
Securities And Exchange Commission ◽  
Future Research ◽  
Reporting Requirements

The major research question of this study is how boards of directors can monitor human resource reporting, especially with emerging reporting requirements from the U.S. Securities and Exchange Commission (SEC) for all domestic and foreign public companies listed on U.S. stock exchanges. Boards can develop advising and monitoring practices to help their companies meet the SEC’s human capital reporting requirements, as shown by the following topics discussed and analyzed in this paper: criticisms of the modernization of Regulation S-K by using principle-based versus rules-based disclosures; a way forward on the modernization of Regulation S-K; sustainability accounting standards; human resource accounting; board responsibility for white-collar crime risk; and collegiality conundrums. We find that a possible way forward in modernizing human capital reporting would be to combine a rules-based approach with a principles-based approach. We recommend boards to closely follow the United Nation’s Sustainable Development Goals and create opportunities to steer their companies towards a sustainable future. We also research the newly developed accounting standards to address human resource risks and promote sustainable human capital reporting. In addition, we identify the strategies for boards to monitor the risk of white-collar crime and highlight the balance between collegiality and effectiveness in the boardroom. Future research could use case studies and interviews of company boards to investigate how they have developed strategies and procedures to facilitate human resource management and reporting

scholarly journals Gender in White-Collar Crime: An Empirical Study of Pink-Collar Criminals

2013 ◽  
Vol 4 ◽  
pp. 22-34 ◽  
Author(s):  
Petter Gottschalk ◽  
Lars Glasø
Keyword(s):  
Law Enforcement ◽  
International Business ◽  
Detection Rate ◽  
White Collar Crime ◽  
White Collar ◽  
Financial Crime ◽  
Power Structures ◽  
Business Press ◽  
Victims Of Crime ◽  
Pink Collar

White-collar crime is financial crime committed by white-collar criminals. Sensational white-collar crime cases regularly appear in the international business press and studies in journals of ethics and crime. This article is based on a sample of 255 convicted white-collar criminals in Norway from 2009 to 2012. Only 20 out of 255 white-collar criminals presented in Norwegian newspapers in the years from 2009 to 2012 were women. In the popular press, white-collar crime committed by women is sometimes labeled pink-collar crime. In this article, a number of reasons for this gender discrepance are discussed. Women’s access to organizational power structures is rising, but remains still limited. This is in line with opportunity theory. Women may have a greater sense of risk aversion rather than risk willingness, and women may more easily be perceived as victims of crime. However, It is very hard to believe that Norwegian men commit ten times more white-collar crime than Norwegian women, also because Norway is seen as a salient egalitarian country. Therefore, it is a question of whether the detection rate for female white-collar criminals is lower than for males. As a consequence, more attention should be paid to characteristics of female white-collar crime and criminals in future criminology research and law enforcement.

Sign in / Sign up

Export Citation Format

Share Document