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
Date Written: September 2008
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: Suggested Citation