US EditionFamily Background Strongly Linked to Financial Misconduct by Corporate Executives
Executives with parents convicted of financial crimes are significantly more likely to commit such offenses, with spouse and area influences also increasing risk, the study found.
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6 Articles
Family background strongly linked to financial misconduct by corporate executives
A large-scale register-based study conducted at the University of Oulu, Finland, shows that the propensity of top corporate executives to engage in financial misconduct is strongly associated with the financial crime history of their parents, spouses, and their childhood living environment.
According to the study, the criminal background of parents and spouses, as well as the environment in which a business leader grows up, are linked to whether a business leader stays on the wrong path.
Even your own spouse can influence your criminal tendencies.
Leaders who commit financial crimes are usually not suffering from a lack of money, but justify their crimes based on attitudes learned in childhood, says Professor Juha-Pekka Kallunki from the University of Oulu.
A study based on extensive register data conducted at the University of Oulu shows that the tendency of a company's top management to commit financial crimes is strongly linked to the financial crimes of their parents, spouses, and the environment in which they grew up during adolescence.
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