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Title: Detection Model of Legally Registered Mafia Firms in Italy
Author: Ravenda, Diego
Argilés Bosch, Josep M.
Valencia Silva, Maika
Keywords: Empreses
Delictes econòmics
Responsabilitat social de l'empresa
Business enterprises
Commercial crimes
Social responsability of business
Issue Date: Jun-2015
Publisher: Wiley
Abstract: This paper develops a model that can contribute to the detection of legally registered firms defined as Mafia firms (LMFs) due to having been confiscated by judicial authorities, in relation to alleged connections of their owners with Italian organized crime. The model correctly classifies 76.41% of firms within a matched sample of 852 firm-years including LMFs and lawful firms. Furthermore, we present an analysis of financial statement characteristics of singular private firms which are socially irresponsible by nature and whose incentives, modus operandi and legal financial statement formats differ from those of listed companies. In particular, we show that specific accruals and earnings management proxies may provide more insight into accounting manipulation patterns of LMFs. More importantly, our paper can help practitioners and regulators identify accounting signals that can be used in risk assessment models or in the detection of criminal infiltrations and related illicit practices.
Note: Versió postprint del document publicat a:
It is part of: European Management Review, 2015, vol. 12, num. 1, p. 23-39
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ISSN: 1740-4754
Appears in Collections:Articles publicats en revistes (Empresa)

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