Do Financial Misconduct Experiences Spur White-collar Crime?

Research output: Contribution to conferencePaperResearchpeer-review

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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
EventEuropean Financial Management Association 2019 Annual Meetings - University of Azores, Ponta Delgada, Island of S. Miguel, Portugal
Duration: 26 Jun 201929 Jun 2019
Conference number: 28
https://www.efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2019-Azores/2019%20meetings.php

Conference

ConferenceEuropean Financial Management Association 2019 Annual Meetings
Number28
LocationUniversity of Azores
CountryPortugal
CityPonta Delgada, Island of S. Miguel
Period26/06/201929/06/2019
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 European Financial Management Association 2019 Annual Meetings, Ponta Delgada, Island of S. Miguel, Portugal.
Andersen, Steffen ; Hanspal, Tobin ; Meisner Nielsen, Kasper. / Do Financial Misconduct Experiences Spur White-collar Crime?. Paper presented at European Financial Management Association 2019 Annual Meetings, Ponta Delgada, Island of S. Miguel, Portugal.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",
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Andersen, S, Hanspal, T & Meisner Nielsen, K 2019, 'Do Financial Misconduct Experiences Spur White-collar Crime?' Paper presented at, Ponta Delgada, Island of S. Miguel, Portugal, 26/06/2019 - 29/06/2019, .

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

2019. Paper presented at European Financial Management Association 2019 Annual Meetings, Ponta Delgada, Island of S. Miguel, Portugal.

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

KW - Financial misconduct

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 European Financial Management Association 2019 Annual Meetings, Ponta Delgada, Island of S. Miguel, Portugal.