Work

Get mad, stay mad : exploring stakeholder mobilization in the instance of corporate fraud and Ponzi schemes

Year: 2011

Type: dissertation

Abstract: Using a multi-case study, three Ponzi schemes were investigated: Road2Gold, BernieMadoff’s empire, and the Earl Jones affair. This grounded study used an inductive bottom-up methodology to observe and describe stakeholder mobilization in reaction to corporate fraud. This research on stakeholder behaviour in Ponzi schemes articulates new theory for describing stakeholder behaviour and possible determinants for successful mobilization to action. The data presented here point to a useful distinction in the stakeholders in a corporate fraud: reluctant and engaged stakeholders. Reluctant stakeholders seek only interest-based ends, whereas engaged stakeholders have additional identity and ideological goals shared by a mobilized group.

Source: Open ULeth Scholarship (OPUS) (University of Lethbridge)

Author: Cameron Anthony McCormick

Language: English

Topic: Securities Regulation and Market Practices

Subfield: Law

Field: Social Sciences

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W2310627626

Cites: 67

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Related to: 10