Executive positions involved in white‐collar crime

Petter Gottschalk

Journal of Money Laundering Control, 2011, vol. 14, issue 4, 300-312

Abstract: Purpose - The purpose of this paper is to present an empirical study of white‐collar crime in business organisations, to create insights into perceptions of potential offenders. Design/methodology/approach - A survey instrument was developed and submitted electronically to the chief financial officers of the 500 largest business organisations in Norway. Findings - The study identified financial misconduct by chief executive officers in the company as the crime associated with the most serious consequence for the company. However, a person in a purchasing and procurement function is assumed to be the most likely involved in and vulnerable to white‐collar crime. Research limitations/implications - This is a survey approach that does not reflect actual crime. Practical implications - Both control mechanisms and ethics are needed to prevent and detect white‐collar crime. Social implications - No executive should be left alone to handle business matters that can benefit himself/herself. Rather, the four eyes principle should always be applied. Originality/value - The paper provides statistical evidence that top‐level executives are involved in financial crime.

Keywords: Norway; Chief executives; Crime; Control; Financial crime; White‐collar crime; Leadership positions; CFO (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:13685201111173785

DOI: 10.1108/13685201111173785

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