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Corporate Crime

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  • Fischel, Daniel R
  • Sykes, Alan O

Abstract

Corporate criminal liability is a relatively new development in American law, although it has been expanding rapidly. We argue that there is no need for corporate criminal liability in a legal system with appropriate civil remedies and that corporate criminal liability in practice produces serious problems of overdeterrence. Copyright 1996 by the University of Chicago.

Suggested Citation

  • Fischel, Daniel R & Sykes, Alan O, 1996. "Corporate Crime," The Journal of Legal Studies, University of Chicago Press, vol. 25(2), pages 319-349, June.
  • Handle: RePEc:ucp:jlstud:v:25:y:1996:i:2:p:319-49
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    File URL: http://dx.doi.org/10.1086/467980
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    Citations

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    Cited by:

    1. Steven Shavell, 2003. "Economic Analysis of Public Law Enforcement and Criminal Law," NBER Working Papers 9698, National Bureau of Economic Research, Inc.
    2. Stevens, Ed & Payne, Brian K., 1999. "Applying deterrence theory in the context of corporate wrongdoing: Limitations on punitive damages," Journal of Criminal Justice, Elsevier, vol. 27(3), pages 195-207, May.
    3. Privileggi, Fabio & Marchese, Carla & Cassone, Alberto, 2001. "Agent's liability versus principal's liability when attitudes toward risk differ," International Review of Law and Economics, Elsevier, vol. 21(2), pages 181-195, June.
    4. Nuno Garoupa, 2000. "Corporate criminal law and organization incentives: a managerial perspective," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 21(6), pages 243-252.
    5. Mattiacci, Giuseppe Dari & Parisi, Francesco, 2003. "The cost of delegated control: vicarious liability, secondary liability and mandatory insurance," International Review of Law and Economics, Elsevier, vol. 23(4), pages 453-475, December.
    6. Laurent Franckx & F.P. de Vries, 2004. "Environmental Liability and Organizational Structure," Energy, Transport and Environment Working Papers Series ete0401, KU Leuven, Department of Economics - Research Group Energy, Transport and Environment.

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