Do Financial Misconduct Experiences Spur White-collar Crime?

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Abstrakt

We use individual police records on criminal activity to investigate whether personal experiences with financial misconduct spur white-collar crime. Experiences with financial misconduct derives from individuals holding accounts at distressed banks where executives are prosecuted for misconduct. We show that individuals with such experiences are two to three times more likely to be convicted of white-collar crime themselves, compared to similar customers of distressed banks where the financial supervisory authority did not press charges. Our results are driven by the extensive margin: the increase in white-collar crime is caused almost exclusively by customers who had no prior history of criminal activity.
OriginalsprogEngelsk
Publikationsdato2019
Antal sider61
StatusUdgivet - 2019
BegivenhedEuropean Financial Management Association 2019 Annual Meetings - University of Azores, Ponta Delgada, Island of S. Miguel, Portugal
Varighed: 26 jun. 201929 jun. 2019
Konferencens nummer: 28
https://www.efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2019-Azores/2019%20meetings.php

Konference

KonferenceEuropean Financial Management Association 2019 Annual Meetings
Nummer28
LokationUniversity of Azores
LandPortugal
ByPonta Delgada, Island of S. Miguel
Periode26/06/201929/06/2019
Internetadresse

Emneord

  • Financial misconduct
  • Experiences
  • White-collar crime
  • Financial crisis
  • Economics of crime

Citationsformater

Andersen, S., Hanspal, T., & Meisner Nielsen, K. (2019). Do Financial Misconduct Experiences Spur White-collar Crime?. Afhandling præsenteret på European Financial Management Association 2019 Annual Meetings, Ponta Delgada, Island of S. Miguel, Portugal.