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The Perceived Seriousness of Corporate Crime and Property Crime by Social Class and Exposure to Prison

Description: The problem of this study concerns the perception of the seriousness of corporate and property crime by groups from various social classes and groups with diverse exposure to prison. Hypotheses relating sex, race, age, exposure to prison, and social class to the perceived seriousness of the two types of crime are presented. In order that these hypotheses be tested, the 211 respondents from prison- and the 182 respondents from the general population ranked five corporate and five property crimes according to seriousness. The findings reveal no significant differences by sex, race, and age. Within all social classes and all categories of exposure to prison, no significant differences between the perceived seriousness of corporate and property crimes.exist.
Date: May 1974
Creator: Colvin, Mark Wayne
Partner: UNT Libraries

Relationship between Fortune 500 companies with regulatory violations and/or criminal offenses and resulting stock values.

Description: The purpose of this study was to determine whether publicly disclosed violations by U.S corporations, resulting in convictions or settlements, erode shareholder investment in the offending organizations. This study was designed to assess whether or not the shareholders' reactions to corporations' violations were related to a decline in organizations' stock valuations across sectors. In addition, this study attempted to assess whether or not shareholder support, expressed by stock prices, declined more after a corporation was prosecuted or reached a settlement for violations, as compared to corporations that disclosed earnings disappointments. Also, this study investigated the stock prices of violating corporations compared to the non-offending corporations from within the same business sector, as well as considered the percentage decline for repeat offenders for violation two compared to violation one. Opposite to hypothesis, results showed that stock prices for the violating companies were significantly greater 12 months after the violation compared to the other months and no significant differences in percent decline between the eight sectors on any of the five decline measures. There were also no differences between violating companies and their matched companies. Companies with a violation had significantly greater stock prices overall than those without a violation.
Date: December 2009
Creator: Bhagwat, Tanya A.
Partner: UNT Libraries