THE ROLE OF STANDARDS AND VALUES IN CORPORATE CRIME PREVENTION
THE ROLE OF STANDARDS AND VALUES IN CORPORATE CRIME PREVENTION

Summary/Abstract: The aim of the paper is to examine and answer the question of whether and to what extent economic crime can be minimised by teaching standards and values within the company. To answer the research question, a literature review was conducted. The study shows that the decline of social values can be seen as a major cause of economic crime and that the willingness to commit crimes within a company is inhibited when there is a high level of acceptance of norms and values, as well as a high level of social morality and loyalty to the company. The study also showed that, with regard to the causes and possible prevention strategies, communicating standards and values in one’s own company has a high crime- preventing effect in the area of economic crime. However, a prerequisite for successful prevention is that the communication of standards and values is sustainably integrated into the company’s processes. A code of conduct is essential for this, a corporate governance that puts it into practice, including ‘tone at the top’ (leadership commitment) and a supportive, efficient and controlling compliance management system and an integrity management system that is tailored to the corporate culture.

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