Corporate frauds as criminal business modelsan exploratory study

Resumo

In this article, we report on the findings of an exploratory, interpretive study of a notorious corporate fraud that occurred in Brazil from 1989 to 2005. We examine the process by which this scheme was created as well as how it was maintained for all those years. Our analysis covers both the substantive aspects (the actions fraud agents effectively perform) and the symbolic aspects (the resources of impression management that they use). We suggest that under certain circumstances, corporate frauds may be understood as the result of implementation of a criminal business model that focuses on a niche market of risk takers or greed investors, uses aggressive commercial practices and offers exclusivity, promotes the organization's image and personality cult of the entrepreneur, operates a management model that combines centralized control with fragmented systems, and uses complex fraudulent practices. This perspective allows us to understand the phenomenon of corporate fraud from a systemic point of view. We also suggest directions for future research and theory development on corporate frauds. (C) 2014 Wiley Periodicals, Inc.

Ficha do documento

Tipo

Artigo científico

Ano

2015

Instituição

Wiley-Blackwell

Fonte

Repositório da FGV

Idioma

Inglês

Acesso

Acesso restrito

DOI

10.1002/tie.21676

Identificador

oai:repositorio.fgv.br:10438/23536

Temas

EconomiaGovernança

Palavras-chave

CorruptionCrimeEconomiaCorrupção administrativa