The influence of the institutional context on corporate illegality

Gabbioneta, Claudia; Greenwood, Royston; Mazzola, Pietro; Minoja, Mario

doi:10.1016/j.aos.2012.09.002

Cited by 131 publications

(147 citation statements)

References 98 publications

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“…see Choo & Tan, 2007;Cooper et al 2013;Donegan & Gagon, 2008;Lokanan, 2015a). However, of late, a small, but emerging band of accounting scholars have started to step out of this ontological box and portray financial fraud less as the result of individual deviance and more as the outcome of societal and organisation collusion (Braithwaite, 2013;Dedoulis, 2006;Donegan & Ganon, 2008;Free, Macintosh, & Stein, 2007;Free & Murphy, 2013;Gabbioneta et al, 2013;Stuebs & Wilkinson, 2010).…”

Section: The Structural and Contextual Features Of Fraud In Accountinmentioning

confidence: 99%

“…Collusion and organisational culture are considered the key nodes of problematisation and represent a more systemic expression of institutionalised corruption and financial fraud (Ashforth & Anand, 2003;Lehman & Okcabol, 2005;Lokanan, 2014;Neu et al, 2013;Power, 2013) that is facilitated by an inadequate and compromised internal control system (Beneish, Billings, & Hodder, 2008;Gabbioneta et al, 2013;Rae & Subramaniam, 2008;Rezaee, 2005). Farber (2005) and later Donegan and Ganon (2008) further emphasised that group qualities of trust and loyalty serve as purported attributes through which opportunities for committing fraud become apparent to organisational leaders and employees.…”

Section: Individual Decision Making and The Choice To Offend In Accoumentioning

confidence: 99%

“…Researchers have dedicated a great deal of effort to try and answer this question. The answer for some lies with structural theories of motivation (Albrecht et al, 2014;Coleman, 1987;Cooper et al, 2013;Davis & Pesch, 2013;Donegan & Gagon, 2008;Gabbioneta et al, 2013;Wikström, 2004Wikström, , 2010a. These scholars give importance to the context and environmental characteristics the individual is immersed in and how the various interactions within this system influence the individual's behaviour (Coleman, 1987).…”

Section: Individual Decision Making and The Choice To Offend In Accoumentioning

confidence: 99%

“…In hybrid offending, the target is the organisation itself (Clikeman, 2009;Jones, 2011;Gabbioneta et al, 2013;Matthews, 2005;Neu et al, 2013a;Rezaee, 2005).…”

Section: Individual Decision Making and The Choice To Offend In Accoumentioning

confidence: 99%

“…A growing body of research in accounting including a special issue in Accounting, Organizations and Society (2013) represents a particular analytical lens that focuses on decision making and processing strategies employed by individual offenders in their decision to offend (Braithwaite, 2013;Cooper et al, 2013;Davis & Pesch, 2013;Gabbioneta, Greenwood, Mazzola, & Minoja, 2013;Neu, Everett, Shiraz, Rahaman, & Martinez, 2013b;Power, 2013;Williams, 2013). These complementary pathways are rooted in rational choice and economic agent models that lend themselves to a variety of analytical interpretations in fraud research (Hoffman & Zimbelman, 2009;Murphy & Dacin, 2011;Powers, 2013;Strand Norman, Rose, & Rose, 2010).…”

Section: Individual Decision Making and The Choice To Offend In Accoumentioning

confidence: 99%

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Theorizing Financial Crimes as Moral Actions

Lokanan

2017

European Accounting Review

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Abstract:The paper maintains that all acts of financial crimes can be explained within a general theory of moral action and analyzed as such. In this regard, the paper presents such a theorySituational Action Theory (SAT) -and argues that acts of financial crimes result from a perception-choice process involving rational deliberation and experimental habituation, themselves the outcomes of interactions between individuals and their environments. To examine this argument, the paper draws on two recent high profile fraud cases to critically discuss the extent to which these crimes should be meaningfully and innovatively analysed as moral actions and the moral context in which they occur. The findings indicate that the feature most relevant to a criminogenic is its moral context in relation to the opportunities and frictions that it generates. As such, environmental factors along with psychosocial processes of moral education become particularly important in the explanation of why certain moral contexts emerge in particular kinds of settings at a particular point in time. In this regard, SAT can be used as a powerful overarching framework to gain a more comprehensive understanding of peoples' choice processes to breach moral rules and devise effective crime prevention strategies to combat fraud.

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Section: The Structural and Contextual Features Of Fraud In Accountinmentioning

confidence: 99%

Section: Individual Decision Making and The Choice To Offend In Accoumentioning

confidence: 99%

Section: Individual Decision Making and The Choice To Offend In Accoumentioning

confidence: 99%

“…In hybrid offending, the target is the organisation itself (Clikeman, 2009;Jones, 2011;Gabbioneta et al, 2013;Matthews, 2005;Neu et al, 2013a;Rezaee, 2005).…”

Section: Individual Decision Making and The Choice To Offend In Accoumentioning

confidence: 99%

Section: Individual Decision Making and The Choice To Offend In Accoumentioning

confidence: 99%

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Theorizing Financial Crimes as Moral Actions

Lokanan

2017

European Accounting Review

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What is in a Rating? Exploring the Link Between the Italian Legality Rating and Earnings Management

Bertacchini,

Magri,

Gabrielli

2024

Bus Strat Env

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Corporate legality is a key dimension of business strategy. However, due to the difficulties associated with its measurement, little has been done to study the activities and behaviors that legally responsible companies enact towards their stakeholders. To address this gap, we consider the Italian Legality Rating (LR) as a proxy for corporate legality to study the earnings quality of legally responsible companies. Considering the theoretical framework of stakeholder theory and agency theory, we hypothesize that the LR scores and the presence of LR are associated with higher earnings quality. Based on a dataset of over 126,000 companies, the results of the analyses confirm our hypotheses and highlight the role of the LR as an effective tool to recognize ethically responsible companies. Our study provides valuable practical insights to private companies and public institutions.

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Chairperson and CEO foreignness and CG quality of emerging markets MNCs: Moderating role of international board interlocks

Areneke

Tunyi

2021

Int. J Fin Econ

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We examine whether foreign chief executive officers (FCEOs) and foreign independent board chairpersons (FIBCs) improve on the corporate governance (CG) practices of emerging market multinational corporations (EMMNCs) through governance spill over. We use hand-collected data for 80 listed Nigerian multinational corporations for the period 2011-2016 (480 firm-years) and apply a three-stage least squares regression to address endogeneity issues. Our findings show international exposure of EMMNCs motivate appointment of FIBCs and FCEOs who positively affect their CG quality. In addition, international board interlocks positively moderate the likelihood of FCEOs to export and enhance EMMNCs' CG quality, but negatively moderate FIBCs impact on CG practices of EMMNCs. Finally, we develop a framework to show how EMMNCs' CG practices are exemplary to local firms in the home country who may mimic these governance practices. We contend the repeated game of governance spill-over and mimetic isomorphism drives the evolution of CG institutions and, potentially, will generate institutional change in CG practices in emerging markets.

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The influence of the institutional context on corporate illegality

Cited by 131 publications

References 98 publications

Theorizing Financial Crimes as Moral Actions

Theorizing Financial Crimes as Moral Actions

What is in a Rating? Exploring the Link Between the Italian Legality Rating and Earnings Management

Chairperson and CEO foreignness and CG quality of emerging markets MNCs: Moderating role of international board interlocks

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