IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxxiiy2022i2p440-449.html
   My bibliography  Save this article

The Genesis of Economic and Financial Criminality

Author

Listed:
  • Mădălina Sperlea (Popescu Bordeni)

    (“Alexandru Ioan Cuza†POLICE ACADEMY, Romania)

Abstract

Financial crime is a global problem and as globalization makes foreign markets more accessible, this becomes more apparent. Financial crime involves the illegal making of money through relationships with transnational organized crime, tax evasion, corruption, stock fraud, drug or people trafficking, and embezzlement. To detect, manage and combat financial crime more effectively, stakeholders need to implement more cohesive and integrated financial crime programmes. The fight against financial crime therefore requires cooperation and coordination between many jurisdictions and the public and private sectors. This complex challenge requires constant dialogue between government and regulatory agencies, reporting entities, industry representatives and global and local independent watchdogs to develop mechanisms to collect and monitor data sharing. Crime remains in the interest of other disciplines, especially criminology and criminal law, which translates into the awareness that there is a real need to define this phenomenon precisely to be able to fight against it.

Suggested Citation

  • Mădălina Sperlea (Popescu Bordeni), 2022. "The Genesis of Economic and Financial Criminality," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 440-449, Decembrie.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:440-449
    as

    Download full text from publisher

    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%203/31.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. A. Greenfield & Carolyn Norman & Benson Wier, 2008. "The Effect of Ethical Orientation and Professional Commitment on Earnings Management Behavior," Journal of Business Ethics, Springer, vol. 83(3), pages 419-434, December.
    2. Alexander, Cindy R. & Cohen, Mark A., 1999. "Why do corporations become criminals? Ownership, hidden actions, and crime as an agency cost," Journal of Corporate Finance, Elsevier, vol. 5(1), pages 1-34, March.
    3. Holtfreter, Kristy, 2005. "Is occupational fraud "typical" white-collar crime? A comparison of individual and organizational characteristics," Journal of Criminal Justice, Elsevier, vol. 33(4), pages 353-365.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Deepak, 2016. "Antecedent Value of Professional Commitment and Job Involvement in Determining Job Satisfaction," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 41(2), pages 154-164, May.
    2. Mukaddes Sakalli Demirok, 2018. "Career satisfaction and professional commitment of special education teachers," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(2), pages 1187-1199, December.
    3. Camacho-Miñano, María-del-Mar & Campa, Domenico, 2014. "Integrity of financial information as a determinant of the outcome of a bankruptcy procedure," International Review of Law and Economics, Elsevier, vol. 37(C), pages 76-85.
    4. Surendranath R. Jory & Thanh N. Ngo & Daphne Wang & Amrita Saha, 2015. "The market response to corporate scandals involving CEOs," Applied Economics, Taylor & Francis Journals, vol. 47(17), pages 1723-1738, April.
    5. Mehdi Nekhili & Fahim Javed & Haithem Nagati, 2022. "Audit Partner Gender, Leadership and Ethics: The Case of Earnings Management," Journal of Business Ethics, Springer, vol. 177(2), pages 233-260, May.
    6. Karen Green & Benson Wier, 2015. "Influence of Ethical Position and Information Asymmetry on Transfer Price Negotiations," Accounting and Finance Research, Sciedu Press, vol. 4(1), pages 1-30, February.
    7. William Shafer, 2015. "Ethical Climate, Social Responsibility, and Earnings Management," Journal of Business Ethics, Springer, vol. 126(1), pages 43-60, January.
    8. Hsiang-Yu Ma & Jui-Chung Kao & Rui-Hsin Kao & Cheng-Chung Cho, 2020. "How to Shape the Employees’ Sustainable Work Attitude: The Moderating Effect of Supervisor Attitudes," Sustainability, MDPI, vol. 12(20), pages 1-27, October.
    9. Ling L. Harris & Scott B. Jackson & Joel Owens & Nicholas Seybert, 2022. "Recruiting Dark Personalities for Earnings Management," Journal of Business Ethics, Springer, vol. 178(1), pages 193-218, June.
    10. Dan Amiram & Zahn Bozanic & James D. Cox & Quentin Dupont & Jonathan M. Karpoff & Richard Sloan, 2018. "Financial reporting fraud and other forms of misconduct: a multidisciplinary review of the literature," Review of Accounting Studies, Springer, vol. 23(2), pages 732-783, June.
    11. Jian Zhang, 2018. "Public Governance and Corporate Fraud: Evidence from the Recent Anti-corruption Campaign in China," Journal of Business Ethics, Springer, vol. 148(2), pages 375-396, March.
    12. Yener Altunbaş & John Thornton & Yurtsev Uymaz, 2021. "Money laundering and bank risk: Evidence from U.S. banks," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 4879-4894, October.
    13. Flore, Christian & Kolaric, Sascha & Schiereck, Dirk, 2017. "Settlement agreement types of federal corporate prosecution in the U.S. and their impact on shareholder wealth," Journal of Business Research, Elsevier, vol. 76(C), pages 145-158.
    14. Lerong He & Rong Yang, 2014. "Does Industry Regulation Matter? New Evidence on Audit Committees and Earnings Management," Journal of Business Ethics, Springer, vol. 123(4), pages 573-589, September.
    15. Cubitt, Timothy I.C. & Gaub, Janne E. & Holtfreter, Kristy, 2022. "Gender differences in serious police misconduct: A machine-learning analysis of the New York Police Department (NYPD)," Journal of Criminal Justice, Elsevier, vol. 82(C).
    16. Joohee Park & Chune Young Chung, 2016. "CEO Overconfidence, Leadership Ethics, and Institutional Investors," Sustainability, MDPI, vol. 9(1), pages 1-28, December.
    17. Chun-hsi Chen & Rui Kao, 2012. "Work Values and Service-Oriented Organizational Citizenship Behaviors: The Mediation of Psychological Contract and Professional Commitment: A Case of Students in Taiwan Police College," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 107(1), pages 149-169, May.
    18. Anup Agrawal & Tommy Cooper, 2017. "Corporate Governance Consequences of Accounting Scandals: Evidence from Top Management, CFO and Auditor Turnover," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 7(01), pages 1-41, March.
    19. Zamir Eyal, 2020. "Refounding Law and Economics: Behavioral Support for the Predictions of Standard Economic Analysis," Review of Law & Economics, De Gruyter, vol. 16(2), pages 1-35, July.
    20. Crow, Matthew S. & Goulette, Natalie, 2022. "Judicial diversity and sentencing disparity across U.S. District Courts," Journal of Criminal Justice, Elsevier, vol. 82(C).

    More about this item

    Keywords

    economic-financial crime; globalization; profit; loss;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:440-449. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.