Addressing Crime in Companies

Economic crime was examined in a global survey of more than 5,500 companies. This survey combines information on companies, company victimization and on the detection and processing of 2,900 incidents of economic crime. Results show that economic crime is widespread and risks are underestimated by c...

Full description

Saved in:
Bibliographic Details
Published in:British journal of criminology 2006-11, Vol.46 (6), p.1128-1144
Main Authors: Bussmann, Kai-D., Werle, Markus M.
Format: Article
Language:English
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Economic crime was examined in a global survey of more than 5,500 companies. This survey combines information on companies, company victimization and on the detection and processing of 2,900 incidents of economic crime. Results show that economic crime is widespread and risks are underestimated by companies. Approximately half of the perpetrators were company insiders, with senior/top management being particularly over-represented. Companies are developing a number of control and prevention strategies to cope with the risks of economic crime. Nonetheless, the most frequent response worldwide is not to bring criminal charges, particularly against perpetrators from within the company. Companies’ reactions are often motivated by minimizing the loss of reputation, which results in privileged treatment for both internal and high-status economic crime offenders.
ISSN:0007-0955
1464-3529
DOI:10.1093/bjc/azl072