Quotation Andersen, Steffen, Hanspal, Tobin, Meisner Nielsen, Kasper. 2020. Do Financial Misconduct Experiences Spur White-Collar Crime? Annual Meeting of the Austrian Economic Association NOeG 2020, WU Wien, Austria, 24.02-25.02.


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Abstract

We use individual police records on criminal activity to investigate whether personal experiences with financial misconduct spur white-collar crime. Experiences with financial misconduct derives from individuals holding accounts at distressed banks where executives are prosecuted for misconduct. We show that individuals with such experiences are two to three times more likely to be convicted of white-collar crime themselves, compared to similar customers of distressed banks where the financial supervisory authority did not press charges. Our results are driven by the extensive margin: the increase in white-collar crime is caused almost exclusively by customers who had no prior history of criminal activity

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Do Financial Misconduct Experiences Spur White-Collar Crime?
Event Annual Meeting of the Austrian Economic Association NOeG 2020
Year 2020
Date 24.02-25.02
Country Austria
Location WU Wien
URL https://www.conftool.com/noeg-2020/

Associations

People
Hanspal, Tobin (Details)
External
Andersen, Steffen (Copenhagen Business School, Denmark)
Meisner Nielsen, Kasper (Copenhagen Business School, Denmark)
Organization
Institute for Finance, Banking and Insurance IN (Details)
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