Do Financial Misconduct Experiences Spur White-Collar Crime?

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

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.
Original languageEnglish
Publication date2019
Number of pages61
Publication statusPublished - 2019
Event2019 Financial Management Association Annual Meeting - Sheraton New Orleans Hotel, New Orleans, United States
Duration: 23 Oct 201926 Oct 2019
https://www.fma.org/new-orleans

Conference

Conference2019 Financial Management Association Annual Meeting
LocationSheraton New Orleans Hotel
CountryUnited States
CityNew Orleans
Period23/10/201926/10/2019
Internet address

Keywords

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

Cite this

Andersen, S., Hanspal, T., & Meisner Nielsen, K. (2019). Do Financial Misconduct Experiences Spur White-Collar Crime?. Paper presented at 2019 Financial Management Association Annual Meeting, New Orleans, United States.
Andersen, Steffen ; Hanspal, Tobin ; Meisner Nielsen, Kasper. / Do Financial Misconduct Experiences Spur White-Collar Crime?. Paper presented at 2019 Financial Management Association Annual Meeting, New Orleans, United States.61 p.
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title = "Do Financial Misconduct Experiences Spur White-Collar Crime?",
abstract = "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.",
keywords = "Financial misconduct, Experiences, White-collar crime, Financial crisis, Economics of crime, Financial misconduct, Experiences, White-collar crime, Financial crisis, Economics of crime",
author = "Steffen Andersen and Tobin Hanspal and {Meisner Nielsen}, Kasper",
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note = "null ; Conference date: 23-10-2019 Through 26-10-2019",
url = "https://www.fma.org/new-orleans",

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Andersen, S, Hanspal, T & Meisner Nielsen, K 2019, 'Do Financial Misconduct Experiences Spur White-Collar Crime?' Paper presented at, New Orleans, United States, 23/10/2019 - 26/10/2019, .

Do Financial Misconduct Experiences Spur White-Collar Crime? / Andersen, Steffen; Hanspal, Tobin; Meisner Nielsen, Kasper.

2019. Paper presented at 2019 Financial Management Association Annual Meeting, New Orleans, United States.

Research output: Contribution to conferencePaperResearchpeer-review

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T1 - Do Financial Misconduct Experiences Spur White-Collar Crime?

AU - Andersen, Steffen

AU - Hanspal, Tobin

AU - Meisner Nielsen, Kasper

PY - 2019

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N2 - 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.

AB - 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.

KW - Financial misconduct

KW - Experiences

KW - White-collar crime

KW - Financial crisis

KW - Economics of crime

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KW - Experiences

KW - White-collar crime

KW - Financial crisis

KW - Economics of crime

M3 - Paper

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Andersen S, Hanspal T, Meisner Nielsen K. Do Financial Misconduct Experiences Spur White-Collar Crime?. 2019. Paper presented at 2019 Financial Management Association Annual Meeting, New Orleans, United States.