Competitive Pressure and Corporate Crime

Competitive Pressure and Corporate Crime

This paper explores the relationship between the intensity of competition in product markets and firms’ incentives to lower their production costs by illegal means. Our framework combines a Salop circle with a crime model à la Becker, allowing us to differentiate between several measures for the intensity of competition. We establish that more firms in the industry (i.e., lower entry costs) red...

Endogeneity of Ceo Compensation and Corporate Crime

Abstract. We model costly interactions (contracts) between managers and investors. We suggest that globalization of production and favorable technology shock of the 1990s altered economic environment of managerinvestor interactions. These changes exacerbate agency conflict due to the increased managerial gains from ex post reneging, and, simultaneously, decreased costs of managerial reneging. I...

Cracking Down on Corporate Crime in Italy

financial corporate crime: from typology to criminology

corporations have a key role in economic development, growth of national security and financial competition. the key of power is in economy. so in the global village, the economic competition replaces military conflict. a new concept in criminal justice is corporate crime. these crimes as a kind of white collar crime are studied in light of critical criminology findings of this study shows that...

White-collar crime: corporate and securities and commodities fraud.

In this era of increased interest in white-collar crime, forensic psychiatrists are in a key position to study the individual characteristics of offenders. While a comprehensive theory of high-level white-collar crime should consider societal and organizational contributions, there is value in understanding the personal traits that place an individual at high risk for offending. As the impact o...