Sanctioning corporate crime: fines received by the 50 top revenue generating companies in the US
Punishing corporate crime typically involves fines. The limited research examining corporate crime sanctioning hampers our understanding of the punishments corporations receive, the extent to which they are fined, the nature of the offenses for which they are fined, and the fining practices of gover...
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| Beteiligte: | ; |
| Medienart: | Elektronisch Aufsatz |
| Sprache: | Englisch |
| Veröffentlicht: |
2024
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| In: |
Crime, law and social change
Jahr: 2024, Band: 82, Heft: 5, Seiten: 1131-1155 |
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Volltext (lizenzpflichtig) |
| Journals Online & Print: | Lade...
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| Verfügbarkeit prüfen: | HBZ Gateway |
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| Zusammenfassung: | Punishing corporate crime typically involves fines. The limited research examining corporate crime sanctioning hampers our understanding of the punishments corporations receive, the extent to which they are fined, the nature of the offenses for which they are fined, and the fining practices of government agencies. Existing research suggests that corporate recidivism is problematic, and the effectiveness of fines has been questioned. This paper addresses corporate punishment by examining fines received by the 50 highest revenue generating US corporations for the period 2016-2020. Specifically, the study examines various aspects of the fines imposed, the fining practices of various agencies, and the frequency of repeat offenders among fined corporations. Among other findings, we found that companies in our sample had a mean of approximately 12 violations per year, and all companies were recidivists within a five-year period. Questions concerning the deterrent potential of the fines, corporate practices, and legal responses to corporate misconduct are explored. |
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| ISSN: | 1573-0751 |
| DOI: | 10.1007/s10611-024-10170-w |