Get mad, stay mad : exploring stakeholder mobilization in the instance of corporate fraud and Ponzi schemes
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Date
2011
Authors
McCormick, Cameron Anthony
Journal Title
Journal ISSN
Volume Title
Publisher
Lethbridge, Alta. : University of Lethbridge, Faculty of Management, c2011
Abstract
Using a multi-case study, three Ponzi schemes were investigated: Road2Gold, Bernie
Madoff’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.
Description
viii, 85 leaves : ill. ; 29 cm
Keywords
Fraud , Ponzi schemes , White collar crimes , Victims of crime , Individual investors -- Attitudes , Individual investors -- Legal status, laws, etc. , Reparation (Criminal justice) , Dissertations, Academic