Do Financial Misconduct Experiences Spur White-collar Crime?

Publikation: KonferencebidragPaperForskningpeer review

Abstrakt

We use police records on individuals’ criminal activity to investigate whether personal experiences with financial misconduct spur white-collar crime. Experiences with financial misconduct derives from individuals with accounts in 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, compared to similar individuals with accounts in 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 by individuals with no prior criminal record and appear to be motivated by a non-pecuniary channel.
OriginalsprogEngelsk
Publikationsdato2020
Antal sider63
StatusUdgivet - 2020
BegivenhedThe 47th European Finance Association Annual Meeting. EFA 2020 - Virtual from The Aalto University School of Business, Helsinki, Finland
Varighed: 20 aug. 202021 aug. 2020
Konferencens nummer: 47
https://efa2020.efa-meetings.org/

Konference

KonferenceThe 47th European Finance Association Annual Meeting. EFA 2020
Nummer47
LokationVirtual from The Aalto University School of Business
LandFinland
ByHelsinki
Periode20/08/202021/08/2020
Internetadresse

Emneord

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

Citationsformater