Do organizational and political-legal arrangements explain financial wrongdoing
Bibliographic Data
| ID | 5609989 |
|---|---|
| Authors | Harland Prechel (0000-0002-0147-6217, Department of Sociology Texas A&M University, corresponding author), Lu Zheng (0000-0002-3340-7558, Department of Sociology Tsinghua University) |
| Year | 2016 |
| Volume | 67 |
| Issue | 4 |
| Pages | 655-677 |
| Publication date | 2016-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | British Journal of Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0007-1315 • E-ISSN: 1468-4446 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1468-4446.12212 |
| PMID | 27753077 |
| OpenAlex | W2534027719 |
| Language | EN |
| Citations received | 5 |
| References cited | 36 |
The 2008 financial crisis was a systemic problem with deep-rooted structural causes that created opportunities to engage in financial malfeasance, a form of corporate wrongdoing. However, few quantitative studies exist on the effects of organizational and political-legal arrangements on financial malfeasance. In this paper, we examine the effects of organizational and political-legal arrangements that emerged in the 1990s in the FIRE sector (i.e., financial, insurance, and real estate) on financial malfeasance. Our historical contextualization demonstrates how changes in the political-legal arrangements facilitate the emergence of new corporate structures and opportunities for financial malfeasance. Our longitudinal quantitative analysis demonstrates that US FIRE sector corporations with a more complex organizational structure, larger size, lower dividend payment, and higher executive compensation are more prone to commit financial malfeasance
Business · Economics · Law and economics · Political science · Politics · Wrongdoing · Accounting · Corporate Finance and Governance · Insurance and Financial Risk Management · Law · Risk Management in Financial Firms
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| Unique citing works | 5 |
|---|---|
| Citations per year | 0,83 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |