The Risks and Rewards of Organized Crime Investments in Real Estate

Serena Favarin, Marco Dugato, Luca Giommoni

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

16 Citazioni (Scopus)

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.
Lingua originaleEnglish
pagine (da-a)944-965
Numero di pagine22
RivistaBritish Journal of Criminology
Volume55
DOI
Stato di pubblicazionePubblicato - 2015

Keywords

  • Infiltration
  • Legal economy
  • Organized crime
  • Real estate

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