Corporate Crime and White-Collar Crime: A Review of Relevant Research
Introduction
The study of corporate crime and white-collar crime is a complex and multifaceted field that has garnered significant attention from researchers and policymakers in recent years. This review aims to provide an overview of the key points related to corporate crime and white-collar crime, drawing on research from Japanese sources as well as international literature.
Notable Researchers
The following researchers have made significant contributions to the study of corporate crime and white-collar crime:
- Henry N. Pontell: Known for his work on the sociology of white-collar crime and its relationship to economic crises.
- Kitty Calavita: A leading expert on the intersection of law, politics, and economics in the context of white-collar crime.
- Curtis Milhaupt: Researcher who has explored the role of compliance programs in preventing corporate crime.
- David R. Simon: Author who has written extensively on the relationship between fraud and economic crises.
- Stephen M. Rosoff: Expert on the sociology of white-collar crime and its impact on society.
Key Areas of Study
The following areas are crucial to understanding corporate crime and white-collar crime:
Compliance Programs
Research has shown that compliance programs can be effective in preventing corporate crime, but they must be designed and implemented properly. This includes ensuring that programs are robust, transparent, and regularly reviewed to maintain their effectiveness.
Financial Regulatory Design
Financial regulatory design plays a crucial role in preventing corporate crime, particularly in the context of banking and financial institutions. Effective regulations can help prevent fraud and other forms of white-collar crime by establishing clear guidelines and consequences for non-compliance.
Deposit Insurance
Deposit insurance schemes can help prevent bank runs and maintain public confidence in the banking system, but they can also create moral hazard if not designed carefully. It is essential to strike a balance between providing adequate protection for depositors and avoiding excessive risk-taking by banks.
The Role of Fraud in Economic Crises
Research has shown that fraud plays a significant role in many economic crises, including the savings and loan crisis in the United States and the Japanese financial crisis. Understanding the relationship between fraud and economic crises is essential for developing effective policies to prevent these types of events.
Conclusion
The references provided offer valuable insights into the complexities of corporate crime and white-collar crime, highlighting the need for effective compliance programs, sound financial regulatory design, and careful deposit insurance schemes to prevent these types of crimes. By understanding the key areas of study outlined above, policymakers and researchers can work towards developing more effective strategies to combat corporate crime and white-collar crime.