Concept information
Preferred term
corporate crime and corruption
Definition
- Corporate crime and corruption (hereafter, simply corporate wrongdoing) consists of any behavior perpetrated by corporate officials (i.e., directors, managers, or employees), in the course of fulfilling their organizational roles, that is judged by social control agents (i.e., prosecutors, regulatory agency officials, judges, etc.) to violate the law. Corporate wrongdoing may serve a firm's interests, as is the case in price-fixing arrangements, or undermine them, as is the case in embezzlement schemes. [Source: International Encyclopedia of Organization Studies; Corporate Crime and Corruption]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/corporate_crime_and_corruption
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