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Characteristics of Corporate Crime

In: CONVENIENCE ORIENTATION IN CORPORATE CRIME Corrective Recovery Responses for Compliance and Conformance

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  • PETTER GOTTSCHALK

Abstract

Corporate crime that is sometimes labeled organizational offending is resulting from offenses by collectivities or aggregates of discrete individuals. If a corporate official violates the law in acting for the corporation, we still define it as corporate crime (Shichor and Heeren, 2021). However, if he or she gains personal benefit in the commission of a crime against the corporation, we regard it as occupational crime. A corporation cannot be subject to imprisonment, and therefore, the majority of penalties to control individual violators are not available for corporations and corporate crime. Detected corporate crime can harm executives involved, since “corporate outcomes such as misconduct serve as signals of the underlying quality of the individuals employed by the firm” (Naumovska et al., 2020: 883). Antitrust violations, securities offenses, and health care fraud by medical providers are typical examples of corporate crime…

Suggested Citation

  • Petter Gottschalk, 2025. "Characteristics of Corporate Crime," World Scientific Book Chapters, in: CONVENIENCE ORIENTATION IN CORPORATE CRIME Corrective Recovery Responses for Compliance and Conformance, chapter 2, pages 33-59, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819805518_0002
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    More about this item

    Keywords

    Corporate Compliance; Corporate Conformance; Convenience Theory; Corporate Scandal; Crisis Management; Destructive Leadership; Recovery Strategy; Recovery Triggers;
    All these keywords.

    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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