Mapping research on corporate misconduct in banking: Lessons from literature on preventive and punitive actions
| Published date | 01 March 2024 |
| Author | Rita Rodríguez‐Arrojo,Manuel Luna,Camilo J. Vázquez‐Ordás,Myriam García‐Olalla |
| Date | 01 March 2024 |
| DOI | http://doi.org/10.1111/1758-5899.13320 |
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Global Policy. 2024;15(Suppl. 1):62–75.wileyonlinelibrary.com/journal/gpol
1 | INTRODUCTION
Corporate misconduct is a broad term that has
been defined in a great variety of ways (Baucus &
Baucus, 1997; Vaughan,1999). It refers to all those
activities and actions carried out by organizational
members to deceive their key stakeholders to achieve
corporate goals. This encompasses many different
acts, such as accounting fraud, regulator y violations, or
anti- competitive actions (Neville etal.,2018). In recent
decades, advanced societies have been especially
concerned about corporate misconduct and citizens
have been more willing than ever to penalize certain
behaviors. Furthermore, public institutions and regu-
lators have reacted to corporate misconduct with an
“enforcement approach” and are punishing companies
to regulate these behaviors in a more significant way
than ever before (Skinner,2016).
In view of this, professionals and scientific research-
ers are more interested than ever in the study of the
causes and consequences of corporate misconduct.
However, it is still complex to identify and quantify them
in a broad sense as they are influenced by different
country- and firm- specific factors. Several studies have
identified factors that may enhance or reduce miscon-
duct, such as the social and cultural context (Guiso
et al.,2 015; Xiaoding, 2016) or even the media cover-
age of a company (Dong etal.,2018). Similarly, existing
studies on its consequences recognize the complexity
caused by: (I) the fact that these consequences are
not limited to legal sanctions but do have many repu-
tational implications, as demonstrated many years ago
RESEARCH ARTICLE
Mapping research on corporate misconduct in banking:
Lessons from literature on preventive and punitive actions
RitaRodríguez-Arrojo1 | ManuelLuna2 | Camilo J.Vázquez- Ordás1 |
MyriamGarcía- Olalla3
Received: 27 Novem ber 2023
|
Accepted: 27 Novem ber 2023
DO I: 10 .1111/17 58- 589 9.13 320
1Department of Business Administration,
Universidad de Oviedo, Oviedo, Spain
2Department of Business Administration,
Polytechni c School of Engineering
(Universidad de Oviedo), Oviedo, Spain
3Department of Business Administration,
Universidad de C antabria, Santande r,
Spain
Correspondence
Manuel Luna, De partment of Busines s
Administration, Polytechnic School of
Engineering (Un iversidad de Oviedo),
Oviedo, Spain.
Email: lunamanuel@uniovi.es
Abstract
Advanced societies are increasingly concerned about corporate misconduct.
Citizens are more willing to penalize it, and regulators are punishing companies
more significantly than ever before. In particular, while reputation is a key asset
for any business, corporate conduct has proven to be especially relevant in the
banking industry. The present paper explores the main research ef forts carried
out on this topic, aiming to learn lessons from a comparison of studies focused
on preventive and punitive actions. To accomplish this, we selected relevant cor-
porate misconduct papers from the Web of Science, conducted a comprehen-
sive bibliometric analysis to understand the role of banking industry- oriented
research, and finally, performed a systematic review to distinguish between ar-
ticles addressing impact measurement and those focusing on prevention. The
results allowed us to respond to the unanswered questions regarding the par-
ticularities of the banking industr y that make it require further and independent
analysis and to the debate about whether the current regulation led to certain
unwanted effects. Among those many lessons, one is strikingly important as
most studies coincide in the co nclusion that, instead of the current actions, more
effort should be put into efficient prevention methods, such as education for
more ethical corporate and individual behavior.
This is an open ac cess article under t he terms of the Creative Commons Attribution-NonCommercial License, which permits use, distribution and reproduction
in any medium, prov ided the original work i s properly cited and is not u sed for commercial pur poses.
© 2024 The Authors. G lobal Policy published by D urham University and Jo hn Wiley & Sons Ltd.
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