Supervisory Challenges in the Face of Harmful But Legal Corporate Behavior

37 Pages Posted: 16 Jan 2017

See all articles by Aute Kasdorp

Aute Kasdorp

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM)

Date Written: October 4, 2016

Abstract

At least seventeen out of twenty-three Dutch regulatory agencies avert harmful but legal corporate behavior through regulatory interventions beyond the law. Interviewed regulators struggle to position themselves in the ensuing cat-and-mouse game, broker adverse interests, and uphold legitimacy. This paper explores these core challenges, regulators’ supervision strategies to cope with these challenges, as well as factors that may influence their stance. The paper proposes a dual level game viewpoint to interpret the resulting extrajudicial interaction between regulators and firms.

Keywords: regulation, supervision, supervision strategy, extralegal, harmful but legal, game viewpoint

JEL Classification: K2, K42, K49

Suggested Citation

Kasdorp, Aute, Supervisory Challenges in the Face of Harmful But Legal Corporate Behavior (October 4, 2016). Available at SSRN: https://ssrn.com/abstract=2851400 or http://dx.doi.org/10.2139/ssrn.2851400

Aute Kasdorp (Contact Author)

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM) ( email )

Keizersgracht 42B
Amsterdam, 1015CR
Netherlands

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