Despite growing interest in organized crime’s infiltration of the legal economy, research to date has paid little attention to the investments of criminal organizations in real estate. Using data on confiscated assets in 8,092 Italian municipalities between 2000 and 2012, this paper aims to remedy this lack of knowledge. Applying a risk–reward approach, based on the rational choice perspective, the analysis highlights what drives Italian mafia groups’ investments in the real estate sector. The results obtained support the validity of the rational choice perspective by showing how criminal organizations weigh risks and rewards in their decisions to invest in real estate.

Dugato, M., Favarin, S., Giommoni, L., The Risks and Rewards of Organized Crime Investments in Real Estate, <<BRITISH JOURNAL OF CRIMINOLOGY>>, 2015; 55 (5): 944-965. [doi:10.1093/bjc/azv002] [http://hdl.handle.net/10807/100828]

The Risks and Rewards of Organized Crime Investments in Real Estate

Dugato, Marco;Favarin, Serena;Giommoni, Luca
2015

Abstract

Despite growing interest in organized crime’s infiltration of the legal economy, research to date has paid little attention to the investments of criminal organizations in real estate. Using data on confiscated assets in 8,092 Italian municipalities between 2000 and 2012, this paper aims to remedy this lack of knowledge. Applying a risk–reward approach, based on the rational choice perspective, the analysis highlights what drives Italian mafia groups’ investments in the real estate sector. The results obtained support the validity of the rational choice perspective by showing how criminal organizations weigh risks and rewards in their decisions to invest in real estate.
2015
Inglese
Dugato, M., Favarin, S., Giommoni, L., The Risks and Rewards of Organized Crime Investments in Real Estate, <<BRITISH JOURNAL OF CRIMINOLOGY>>, 2015; 55 (5): 944-965. [doi:10.1093/bjc/azv002] [http://hdl.handle.net/10807/100828]
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/100828
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 30
  • ???jsp.display-item.citation.isi??? 23
social impact