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The risks and rewards of organized crime investments in real estate

Dugato, Marco, Favarin, Serena and Giommoni, Luca 2015. The risks and rewards of organized crime investments in real estate. British Journal of Criminology 55 (5) , pp. 944-965. 10.1093/bjc/azv002

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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.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Cardiff Centre for Crime, Law and Justice (CCLJ)
Social Sciences (Includes Criminology and Education)
Subjects: H Social Sciences > HV Social pathology. Social and public welfare
Publisher: Oxford University Press
ISSN: 0007-0955
Last Modified: 14 Mar 2019 12:02
URI: http://orca-mwe.cf.ac.uk/id/eprint/76434

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