June 5, 2012
Perceived Procedural Fairness and Compliance (Kolber)
For those interested in "empirical desert" (see, e.g., here and here), there's a new study on SSRN that is pertinent to the subject, yet likely to slip through the radar of many criminal law scholars. Here is the abstract:
JUAN P. MENDOZA, VU University Amsterdam - Faculty of Economics and Business Administration
HENRI C. DEKKER, VU University Amsterdam - Department of Accounting
J. WIELHOUWER, VU University Amsterdam
Financial intermediaries are facing stricter regulations. However, little is known about the factors that affect their compliance behavior in practice. Based on a unique dataset provided by the Authority for the Financial Markets in The Netherlands, we examine how non-compliance (i.e., number of law violations) relates to financial intermediaries’ perceptions of procedural fairness, as indicated by the extent to which regulation is perceived as overly extensive, fast-changing, and obstructive. Our results support the idea that perceived procedural fairness motivates firms to acquire knowledge of new regulations, which in turn enables them to achieve higher levels of compliance.
June 5, 2012 | Permalink