Increasing firm value through detection and prevention of white‐collar crime
研究发现，传统的治理措施（如大股东、董事会、CEO薪酬）对减少白领犯罪效果有限，而运营治理（政策清晰、跨部门沟通、绩效薪酬）能显著降低犯罪概率，从而提升企业价值。
Abstract White‐collar crime can cost a company from 1 percent to 6 percent of annual sales, yet little is known about the organizational conditions that can reduce this cost. Previous governance research has examined the link between block holders, boards of directors, or CEO compensation and fraud. In this study, these traditional measures of governance are found to have little impact. Instead, operational governance, including clarity of policies and procedures, formal cross‐company communication, and performance‐based pay for the board and for more employees, significantly reduces the likelihood of a crime commission. Copyright © 2003 John Wiley & Sons, Ltd.