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Corporate crime is crime committed by corporate employees or owners to seek profits for a corporation. Corporate crime refers to crimes committed by a corporation or by individuals identified with a corporation. Corporate crime is committed by individuals who represent the interests of the corporation are employees or professionals of a higher social class and hence such corporate crimes may be referred to as Occupational Crime or White-Collar Crime. Increasing interest in organizational crime and corporate crime has been matched by increasing interest in organizational culture and corporate culture. Corporate crime has the potential for both economic and physical harm.
Corporate crime comitted by an employee also called
white collar crime affects the organization and other employees.
Corporate crime comitted by firms against firms: Crimes between firms are generally a result of competition between the firms.
Corporate Crime comitted against societies: Unsafe products injure consumers. False advertisements to lure shoppers to products and services without published advantages. Price fixing involves corporate nexus between competitors within industries affecting people.
Corporate Crime comitted against employees: Injuries suffered from occupational hazards and safety standards.
Corporate Crime of Pollution: Greenhouse Effect is a term referring to an increase in the average temperature of the earth brought about by the effects of atmospheric pollution.
Roman Tomasic, University of South Australia - School of Law; Durham University - Law School.
Abstract: Corporate crime has remained a difficult area of the law to define and to regulate. Problems of definition have been widespread and encompass both popular and more legal definitions. The paper develops a typology of corporate criminal conduct which postulates:
(1) corporate crime by a corporation for its own benefit;
(2) corporate crime by the agents or controllers of the corporation for the benefit of the corporation;
(3) corporate crime against a corporation but for the benefit of another corporation; and
(4) corporate crime against a corporation but for the benefit of its agents or controllers. Problems of enforcement and sanctioning for breaches of corporate crimes are discussed; this is important as the law has proved to be especially weak in imposing sanctions for many corporate crimes.
A number of illustrations of the enforcement of corporate criminality laws are discussed, covering such conduct as the abuse of the corporate form, abuses of directors' duties and insider trading and securities market abuses. The paper seeks to sketch a number of key conceptual and practical problems in regard to understanding corporate crime.
Re-Imagining Crime Prevention: Controlling Corporate Crime?
Anne Alvesalo ; Steve Tombs ; Erja Virta ; Dave Whyte - Crime, Law and Social Change. 2006.
Noting that "situational crime prevention" has dominated the theory and practice of crime prevention, the authors discuss the application of routine activities theory, to corporate crime.
Disappearing act: The representation of corporate crime research in criminological
Michael J. Lynch, Danielle McGurrinb and Melissa Fenwicka. Published by Elsevier Ltd.
Abstract: Following the labeling theory, conflict perspective, and radical movements and the attention these perspectives directed toward crimes committed by the powerful, most criminologists assumed that corporate and white-collar crime received attention in criminal justice literature.
Corporate Crime Litigation: Defense Attorneys
Perspective - Schnopp, Stefan. and Russo, Brian. Paper presented at the
annual meeting of the American Society of Criminology.
Abstract: The devastating effects of Global Crossing, Enron, WorldCom, and other financial debacles have created a legislative climate for dealing seriously with corporate crime. This presentation addresses the defense bar's perspective on conducting corporate crime litigation.
A POLITICAL ECONOMY THEORY OF CORPORATE CRIME LEGISLATION
Vikramaditya S. Khanna - Boston University School of Law Working Paper 03-04.
Abstract: Corporate crime become an important issue on the U.S. legislative agenda. The growth of corporate crime legislation makes one wonder how can such a state of the world arise?
Factors Stimulating Corporate Crime
Voon, Sze-Ling, Puah, Chin-Hong, Entebang, Harry, Chin-Hong Puah.
Abstract: Aims to identify the factors that appear to stimulate corporate crime activity in organizations. A to consider the extent to which organizational crime can affect the shareholder value creation of organizations.
Targeting Employees for Corporate Crime and Forbidding Their Indemnification
Wallace P. Mullin, George Washington University - Department of Economics.
Christopher M. Snyder, Dartmouth College.
Abstract: It is clear employees should be sanctioned for corporate crime, but the question is whether the firm should be as well.
Police Departments as Victims of State-Corporate Crime - Reifert, Steve. and Carlson, Susan. Paper presented at the annual meeting of the AMERICAN SOCIETY OF CRIMINOLOGY, Atlanta Marriott Marquis, Atlanta, Georgia.
Abstract: Focuses on citizens, workers, and other private individuals or groups of individuals who experience harm as a result of state corporate crime.
New Evidence on the Origins of Corporate Crime
Alexander, C.R., Cohen, M.A., Mark A. Cohen.
Abstract: The intuition that poorly performing corporations are more likely to engage in crime. New evidence on the relationship between prior performance and corporate crime using panel data on public corporations, 1975-92.
Corporate Crime and Restitution.
Abel, Charles F. Journal of Offender Counseling, Services, & Rehabilitation. 1985.
Abstract: Articulates need, nature, and form of a restitutionary approach to corporate crime.
The Changing Atmospherics of Corporate Crime Sentencing in the Post Sarbanes-Oxley Act Era
Peter J. Henning - Wayne State University Law School; Wayne State University Law School. Journal of Business and Technology Law. 2008.
Abstract: The Sarbanes-Oxley Act of 2002 was a watershed event in dealing with corporate fraud. The Sarbanes-Oxley Act marked a change in the sentencing atmospherics for corporate crime. How the Sarbanes-Oxley Act changed the approach to sentencing of white collar defendants involved in corporate crimes?
The price of corporate crime: the risks to business
John Sliter - Journal: Journal of Financial Crime.
Shareholders have started choosing their investments based on social responsibility and ethical leadership. This will not include those companies involved in corporate crime!
Retribution and Corporate Crime - Kam C.
Wong, Xavier University.
Abstract: Whether the retribution theory can be applied as a justification for corporate criminal punishment. The fact is that the white-collar criminals are being treated more leniently. The question is whether the disparity in treatment is justified or more to the point whether it is fair?
Does the Difference Between "Corporate interest" and "Personal interest" in Corporate Crime Influence Sentencing? - Econometric Analysis of Sentencing Factors in the Corporate Tax Evasion.
Ken Shiraishi, Atsushi Yamashita, Takaaki Murakami - Sayuri Shiraishi (Yokohama City University). Abstract: Two types of motives are "corporate interest" and "personal interest." Court decisions often suggest that the type of motive a defendant had may affect sentencing. We should rethink criminal liability and crime deterrents in cases of corporate crime.
Public Support for Getting Tough on Corporate Crime - Racial and Political Divides
James D. Unnever, Michael L. Benson, Francis T. Cullen.
Using a national probability sample, we explore whether Americans want to enact stricter regulations of the stock market. The findings reveal that Americans generally favor getting tough on corporate illegality.
Braithwaite, John. (1984). Corporate Crime in the Pharmaceutical Industry. London: Routledge & Kegan Paul Books.
Clinard, Marshall B. & Yeager, Peter Cleary. (2005). Corporate Crime. Somerset, NJ: Transaction Publishers.
Pearce, Frank & Tombs, Steven. (1992). "Realism and Corporate Crime", in Issues in Realist Criminology. (R. Matthews & J. Young eds.). London: Sage.
Snider, Laureen & Pearce, Frank (eds.). (1995). Corporate Crime: Contemporary Debates, Toronto: University of Toronto Press.
Simpson, Sally S. (2002). Corporate Crime, Law, and Social Control. Cambridge: Cambridge University Press.