During a recent study of how 1991 federal sentencing guidelines have affected the penalities that federal courts impose on public coporations, we performed an independent evaluation of the quality of the data on corporate sanctions released by the U.S. Sentencing Commission to the public (as...

This paper presents empirical evidence on why firm become corporate criminals. We investigate the relationship between corporate ownership structure and the prior probability of observing corporate crime.

The intuition tat poorly performing corporations are more likely to engage in crime is found through-out the contemporary literature on the economics of corporate misconduct. Yet little evidence of such a relationship exists. This paper presents new evidence on the relationship between prior...