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Organizations and Fraud in the Savings and Loan Industry

Robert Tillman and Henry Pontell
Social Forces
Vol. 73, No. 4 (Jun., 1995), pp. 1439-1463
Published by: Oxford University Press
DOI: 10.2307/2580454
Stable URL: http://www.jstor.org/stable/2580454
Page Count: 25
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Organizations and Fraud in the Savings and Loan Industry
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Abstract

This article analyzes the organizational correlates of fraud in the savings and loan industry. We test the hypothesis that during the 1980s institutions that departed from the traditional activities of thrifts to embark on high-growth, high-risk strategies were more likely to be vehicles for fraud than were institutions that retained a more traditional focus. The results of an analysis of data from a sample of 686 insolvent savings and loan institutions support the hypothesis; stock-owned thrifts, those with a relatively low proportion of home mortgage loans, those with a high proportion of their assets in direct investments, and those that experienced high asset growth were the vehicles for the most costly and frequent incidents of suspected crime. These findings are related to theoretical issues regarding the role of organizations in white-collar crime.

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