Revealing "Mafia Inc."? Financial crisis, organized crime, and the birth of new enterprises

Arbeitspapier

We study the investment of organized crime in the legal economy. By using the shock induced on the Italian credit market by the 2007 subprime mortgage crisis, we document how provinces with a high organized crime presence have been impacted less by the crisis in terms of the establishment of new enterprises than provinces with a lower criminal infiltration. We provide evidence that the lower impact of the crisis is consistent with the presence of investments by organized crime in the legal economy. We corroborate this interpretation by comparing our results with the characterization made by the judicial authority of such investments and ruling out possible alternative explanations.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 251

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Illegal Behavior and the Enforcement of Law ; Entrepreneurship
• Thema: Mafia ; organized crime ; established enterprises ; crisis

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Le Moglie, Marco ; Sorrenti, Giuseppe
• Ereignis: Veröffentlichung
• (wer): University of Zurich, Department of Economics
• (wo): Zurich
• (wann): 2019

Weitere Informationen

• DOI: doi:10.5167/uzh-136816
• Handle: http://hdl.handle.net/10419/209732
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ