White-Collar Crime and Organizational structure
White-collar crimes and organizational structure are related because white collar-crimes thrive in organizations that have weak structures. According to Price and Norris (2009), the elites who commit white collar-crimes usually exploit weaknesses in organizational structure and formulate rules and regulations that favor their crimes. Makansi (2010) examines case studies to prove that white-collar crime is dependent on organizational structure. For example, the financial crisis that Merchant Energy Business faced in 2001-2002 occurred due to the liberal Financial Accounting Board, which failed to provide a standard model of valuing natural gas and fuel. Moreover, a financial crisis that rocked the securitization market in 2008 was due to fraudulence in the pricing of securitization products. These examples ...
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...occurrence of white-collar crimes in organizations. In this view, to combat white-collar crimes, the criminal justice system needs to devise interventions that target organizational structure, organizational culture, and personality traits in the prevention of white-collar crimes.
Apel, R, & Paternoster, R 2009, ‘Understanding “criminogenic” corporate culture: What white-collar crime researchers can learn from studies of the adolescent employment-crime relationship. The Criminology of White-Collar Crime, vol.1 no. 1, pp. 15-33.
Blickle, G, & Schlegel, A 2006, ‘Some personality correlates of business white-collar crimes’, An International Review, vol. 55 no. 2, pp. 220-233.
Champion, D 2011, ‘White-collar crimes and organizational offending: An integral approach’, International Journal of Business, Humanities, and Technology, vol. 1 no. 3, pp. 34-35.
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