Business, Finance and Organized Crime: Proposing a Risk-Based Approach for Governance in a Law and Economics Perspective (the 'Vigna Code')

10 Pages Posted: 7 Sep 2008

See all articles by Alberto Alessandri

Alberto Alessandri

SDA Bocconi

Giovanni Fiandaca

University of Palermo - School of Law

Donato Masciandaro

Bocconi University - Department of Economics

Piero Luigi Vigna

Corte di Cassazione

Date Written: September 2008

Abstract

Nowadays the organized crime exploits the development of integration and globalization in the industrial, commercial and financial activities, taking advantage of the same networks that facilitate the legitimate transactions. In expanding their businesses the criminal organizations try to use unwitting firms and banks in order to find new profit opportunities and at the same time to camouflage the dishonest activities into the legal ones. The risk of pollution for the honest corporations is increasing. The aim of the paper is to propose an Anti-mafia governance Code (the Vigna Code) developing a risk - based approach in assessing and managing the risk of pollution into the firms, in order to build up governance rules for combating and preventing the organized crime expansion. A strong interdisciplinary approach characterizes the paper.

Keywords: Organized Crime, Governance Code, Risk Based Approach

JEL Classification: G34, K42

Suggested Citation

Alessandri, Alberto and Fiandaca, Giovanni and Masciandaro, Donato and Vigna, Piero Luigi, Business, Finance and Organized Crime: Proposing a Risk-Based Approach for Governance in a Law and Economics Perspective (the 'Vigna Code') (September 2008). Paolo Baffi Centre Research Paper No. 2008-26. Available at SSRN: https://ssrn.com/abstract=1263868 or http://dx.doi.org/10.2139/ssrn.1263868

Alberto Alessandri (Contact Author)

SDA Bocconi ( email )

Via Bocconi 8
Milan, Milan 20136
Italy

Giovanni Fiandaca

University of Palermo - School of Law

Piazza Bologni, 8
Palermo, 90134
Italy

Donato Masciandaro

Bocconi University - Department of Economics ( email )

Via Gobbi 5
Milan, 20136
Italy

Piero Luigi Vigna

Corte di Cassazione

Rome
Italy

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