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Transnational Corporate Crime

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Thus crimes are often observed from this context of how individuals confirm to certain standard norms and procedures and as such any deviations from such norms may result into crimes being committed by the individuals. However, to define corporate crimes fully by this standard is relatively more difficult as many researchers have only been able to find a partial support for defining and explaining corporate crimes with the help of Differential Crime Theory. Right from the end of last century and start of 21st century, there are increasing number of corporate crimes that are coming to the attention of general public and investigators.

The corporate scandals of Enron and World Com indicate that the corporate world often involves itself into activities which may be detrimental to the society. Recent financial meltdown and subsequent unearthing of the practices adapted by top financial institutions of the world such as RBS. There is no particular or preferred characterization of the corporate crimes as there are different definitions that have been put forward by the different authors and researchers. (Hartley, 2008). 3 It is because of this that there are different dimensions to the corporate crimes as not only victims are considered as the chief dimension of the corporate crime but the nature and overall status of the organization is also considered as one of the determining factors behind defining corporate crimes.

Apart from this, corporate crimes are also often classified based on the type of industry within which the firm is operating. This is also because of the fact that most of the corporate crimes that have came out mostly belong to certain particular industries such as oil and gas, pharmaceutical etc.

whatever, the characterization of the corporate crimes are, it is often argued that the organizations of every kind are involved in it. The recent publicizing of the corporate scandals all over the world have made them relatively more exposed and general public is giving more attention to them due to exposure to such crimes by the media. The results of such attention to corporate crimes therefore have now resulted into the managers, owners and shareholders of the business paying more attention to the way the business is conducted and the activities that typically constitute any business. 4 It is also argued that the employees and managers of the firms often get away with the much of the media attention because of their control over the contents of information that is released to the media and public.

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preview essay on Transnational Corporate Crime
  • Pages: 12 (3000 words)
  • Document Type: Essay
  • Subject: Unsorted
  • Level: Undergraduate
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