Subscribe

Subscribe to our Newsletter and get informed about new publication regulary and special discounts for subscribers!

ILSHS > Volume 5 > Corporate Crime Does Pay! The Relationship between...
Corporate Crime Does Pay! The Relationship between Financial Crime and Imprisonment in White-Collar Crime
< Back to Volume

Corporate Crime Does Pay! The Relationship between Financial Crime and Imprisonment in White-Collar Crime

Full Text PDF

Abstract:

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. Many of these scholars apply anecdotal evidence to suggest what might be included and what might be excluded from the concepts of white-collar crime and white-collar criminals. On contrast, with a larger sample, we can study white-collar crime convictions using statistical techniques to identify relationships between variables. For example, it has been suggested that the amount involved in the crime (fraud, corruption, etc.) is an important factor when the judge decides the length of the prison sentence. In our sample of 255 criminal cases we identified 88 corporate criminals and 167 occupational criminals. Age when convicted was 47 years for occupational criminals and 49 years for corporate criminals. Furthermore, occupational criminals served 2.2 years in prison, while corporate criminals served only 2.1 years. This is particularly interesting, when the amount of money that was involved in the crime is taken into account. While occupational criminals on average abused 26 million Norwegian kroner, corporate criminals on average abused as much as 121 million Norwegian kroner. So, even if the magnitude of the financial crime in terms of money was substantially and significantly larger for corporate crime, occupational crime was nevertheless judged more severely in terms of imprisonment.

Info:

Periodical:
International Letters of Social and Humanistic Sciences (Volume 5)
Pages:
63-78
DOI:
https://doi.org/10.18052/www.scipress.com/ILSHS.5.63
Citation:
P. Gottschalk and L. Glasø, "Corporate Crime Does Pay! The Relationship between Financial Crime and Imprisonment in White-Collar Crime", International Letters of Social and Humanistic Sciences, Vol. 5, pp. 63-78, 2013
Online since:
September 2013
Authors:
Petter Gottschalk, Lars Glasø
Keywords:
Corporate Crime, Empirical Study, Financial Crime, Prison, White-Collar Criminal
Export:
RIS, BibTeX, Text
Distribution:
Open Access

Creative Commons License
This work is licensed under a
Creative Commons Attribution 4.0 International License

References:

Ashforth B. E., Gioia D. A., Robinson S. L., Trevino L. K., The Academy of Management Review 33(3) (2008) 670-684.

Barak G., Theoretical Criminology 11(2) (2007) 191-207.

Benson M. L., Simpson S. S., White-Collar Crime: An Opportunity Perspective, Criminology and Justice Series, Routledge, NY: New York, (2009).

Blickle G., Schlegel A., Fassbender P., Klein U., Applied Psychology: An International Review 55(2) (2006) 220-233.

Bookman Z., DePaul Business & Commercial Law Journal 6 (2008) 347-392.

Brightman H. J., (2009). Today's White-Collar Crime: Legal, Investigative, and Theoretical Perspectives, Routledge, Taylor & Francis Group, NY: New York, (2009).

Bucy P. H., Formby E. P., Raspanti M. S., Rooney K. E., St. John's Law Review 82 (2008) 401-571.

Burns R. G., Orrick L., Critical Criminology 11 (2002) 137-150.

Chang J. J. S., Journal of Financial Crime 15 (1) (2008) 71-81.

Chang J. J., Lu H. C., Chen M., Economic Inquiry 43(3) (2005) 661-675.

Dion M., Journal of Financial Crime 15(3) (2008) 308-319.

Dion M., Journal of Financial Crime 16(4) (2009) 436-445.

Dion M., Journal of Financial Crime 17 (2) (2010) 240-250.

Eicher S., Government for Hire, in: Eicher, S. (editor), Corruption in International Business - The Challenge of Cultural and Legal Diversity, Corporate Social Responsibility Series, Gower Applied Business Research, Ashgate Publishing Limited, Farnham, England, (2009).

Fleet D. D. van, Fleet E. W. van, Journal of Managerial Psychology 21(8) (2006) 763-774.

Garoupa N., Journal of Economic Behavior & Organization 63 (2007) 461-474.

Gerber J., Jensen E. L., Encyclopedia of White-Collar Crime, Greenwood, Westport, Connecticut, (2006).

Gottschalk P., (2010). White-Collar Crime - Detection, Prevention and Strategy in Business Enterprises, Universal-Publishers, Boca Raton, (2010).

Gottschalk P., Glasø L., International Letters of Social and Humanistic Sciences 4 (2013) 22-34.

Gross E., Studies in Symbolic Interaction 1 (1978) 55-85.

Hansen L. L., Journal of Financial Crime 16(1) (2009) 28-40.

Heath J., Journal of Business Ethics 83 (2008) 595-614.

Henning J., Journal of Financial Crime 16(4) (2009) 295-304.

Hill C., Journal of Financial Crime 15(4) (2008) 444-448.

Kayrak M., Journal of Financial Crime 15(1) (2008) 60-70.

Kempa M., Journal of Financial Crime 17(2) (2010) 251-264.

KPMG, KPMG Malaysia fraud survey report 2009. KPMG, Kuala Lumpur, Malaysia, (2009).

KPMG (2011). Who is the typical fraudster? KPMG, www. kpmg. com.

Leonard W. N., Weber M. G., Law & Society Review 4(3) (1970) 407-424.

Malkawi B. H., Haloush H. A., Journal of Financial Crime 15(3) (2008) 282-294.

McKay R., Stevens C., Fratzi J., International Journal of Business Governance and Ethics 5(1) (2010) 14-25.

Meneses R. A., Akers R. L., International Criminal Justice Review 21(4) (2011) 333-352.

O'Connor T. R., (2005). Police Deviance and Ethics . In part of web cited, MegaLinks in Criminal Justice. http: /faculty. ncwc. edu/toconnor/205/205lect11. htm, retrieved on 19 February (2009).

Perri F. S., Brody R. G., Journal of Financial Crime 18(1) (2011) 93-104.

Pickett K. H. S., Picket J. M., Financial Crime Investigation and Control. New York: John Wiley & Sons, (2002).

Podgor E. S., Journal of Criminal Law and Criminology 97(3) (2007) 1-10.

Punch M., Policing and Society 13(2) (2003) 171-196.

Robson R. A., American Business Law Journal 47(1) (2010) 109-144.

Schnatterly K., Strategic Management Journal 24 (2003) 587-614.

Simpson S. S., The Ohio State Journal of Criminal Law 8(2) (2011) 481-502.

Siponen M., Vance A., MIS Quarterly 34(3) (2010) 487-502.

Sutherland E. H., White collar crime, New York: Holt Rinehart and Winston, 1949. ( Received 22 May 2013; accepted 26 May 2013 ).

Show More Hide
Cited By:
This article has no citations.