In criminology, corporate crime refers to crimes committed either by a corporation (i.e., a business entity having a separate legal personality from the natural persons that manage its activities), or by individuals acting on behalf of a corporation or other business entity (see vicarious liability and corporate liability). Some negative behaviours by corporations may not actually be criminal; laws vary between jurisdictions. For example, some jurisdictions allow insider trading.
Corporate crime overlaps with:
- white-collar crime, because the majority of individuals who may act as or represent the interests of the corporation are white-collar professionals;
- organized crime, because criminals may set up corporations either for the purposes of crime or as vehicles for laundering the proceeds of crime. The world’s gross criminal product has been estimated at 20 percent of world trade. (de Brie 2000); and
- state-corporate crime because, in many contexts, the opportunity to commit crime emerges from the relationship between the corporation and the state.
Other articles related to "crime, crimes, corporate crime, corporate":
... The general theory of crime States that the main factor behind criminal behaviour is the individual's lack of self-control ... Rational choice theory States that people commit crimes when it is rational for them to do so according to analyses of costs and benefits, and that crime can be reduced by minimizing benefits and ... Social disorganization theory States that crime is more likely to occur in areas where social institutions are unable to directly control groups of individuals ...
... Consciousness Explained Consensual crime Consensual living Consensus Consensus decision-making Consensus democracy Consensus reality Consensus theory of ...
... In criminology, the concept of state-corporate crime refers to crimes that result from the relationship between the policies of the state and the policies and practices of commercial corporations ... those that are defined by the local criminal jurisdiction as crime ... academic classification, it is distinguished from corporate crime, which studies deviance within the context of a corporation and by a corporation political crime ...
... Corporate Manslaughter and Corporate Homicide Act 2007. ...
... the stigma of being labelled as a crime ... Corporate profitability in these areas therefore depends on building more prison facilities, managing their operations, and selling inmate labor ... (Kicenski 2002) Edwin Sutherland's definition of white collar crime also is related to notions of corporate crime ...
Famous quotes containing the words crime and/or corporate:
“No punishment has ever possessed enough power of deterrence to prevent the commission of crimes. On the contrary, whatever the punishment, once a specific crime has appeared for the first time, its reappearance is more likely than its initial emergence could ever have been.”
—Hannah Arendt (1906–1975)
““It’s hard enough to adjust [to the lack of control] in the beginning,” says a corporate vice president and single mother. “But then you realize that everything keeps changing, so you never regain control. I was just learning to take care of the belly-button stump, when it fell off. I had just learned to make formula really efficiently, when Sarah stopped using it.””
—Anne C. Weisberg (20th century)