Journal of Research in Crime and Delinquency · 2008 · 85 citations · 69 references
Social SciencesCorporate GovernanceBusiness EthicsCrimePrejudiceCorporate CrimeCriminal JusticeFinancial CrimeCorporate Criminal ResponsibilityCorporate WrongdoingCrime Policy PreferencesRacial Disparities In PunishmentStock Market Regulation
Recent corporate wrongdoing has prompted questions about public concern for regulating business lawlessness. A national probability sample was used to assess Americans’ support for stricter stock‑market regulation and harsher criminal sanctions against executives hiding true financial conditions. Americans broadly favor tougher corporate crime control, with liberals and conservatives equally supportive, yet African Americans are more likely than Whites to endorse restrictive and punitive policies, indicating that punitive attitudes are socially constructed beliefs reflecting class and racial dynamics.
The recent wave of corporate wrongdoing has raised the issue of whether the public is concerned about the control of lawlessness in the business world. Using a national probability sample, we explore whether Americans want to enact stricter regulations of the stock market and advocate more punitive criminal sanctions for corporate executives who conceal their company's true financial condition. The findings reveal that Americans generally favor getting tough on corporate illegality. The analysis also indicates, however, that group differences exist in public support for punitive corporate crime control policies. Although liberals and conservatives equally support punishing corporate criminals more harshly, African Americans are more likely than Whites to endorse more restrictive and more punitive policies toward corporate criminals. We conclude that punitive attitudes are socially constructed beliefs that reflect the dynamics of conflicted class and racial relations.
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The culture of control: crime and social order in contemporary society
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THE CHALLENGE OF CRIME IN A FREE SOCIETY
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