Antecedents of Corporate Scandals: CEOs' Personal Traits, Stakeholders' Cohesion, Managerial Fraud, and Imbalanced Corporate Strategy [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 113 (2):265-283 (2013)
This study examines the antecedents of corporate scandals. Corporate scandals are defined as rare events occurring at the apex of corporate fame when managerial fraud suddenly emerges in conjunction with a significant gap between perceived corporate success and actual economic conditions. Previous studies on managerial fraud have examined the antecedents of illegal acts in isolation from strategic decisions and in terms of CEOs’ individual responses to the external context. This study frames the antecedents of corporate scandals in terms of the interplay of CEOs’ personal traits with corporate strategy and stakeholders’ cohesion. With this aim, this study builds on extant theory to examine the case of Banca Popolare di Lodi, an Italian bank involved in a corporate scandal in year 2005. The model contributes to advance understanding of the complex dynamics underlying the emergence of corporate scandals
|Keywords||CEO Corporate scandals Corporate strategy Managerial fraud Stakeholders|
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References found in this work BETA
Joel H. Amernic & Russell J. Craig (2010). Accounting as a Facilitator of Extreme Narcissism. Journal of Business Ethics 96 (1):79 - 93.
Clive R. Boddy (2011). Corporate Psychopaths, Bullying and Unfair Supervision in the Workplace. Journal of Business Ethics 100 (3):367 - 379.
Clive R. Boddy, Richard K. Ladyshewsky & Peter Galvin (2010). The Influence of Corporate Psychopaths on Corporate Social Responsibility and Organizational Commitment to Employees. Journal of Business Ethics 97 (1):1 - 19.
George Bragues (2008). The Ancients Against the Moderns: Focusing on the Character of Corporate Leaders. [REVIEW] Journal of Business Ethics 78 (3):373 - 387.
Thomas L. Carson (2003). Self-Interest and Business Ethics: Some Lessons of the Recent Corporate Scandals. [REVIEW] Journal of Business Ethics 43 (4):389 - 394.
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