Antecedents and Consequences of Collective Fraud: A Study of the United States Residential Real Estate Market Boom and Bust

Business and Professional Ethics Journal 32 (3-4):145-182 (2013)
  Copy   BIBTEX


This paper examines the collective fraudulent behaviors taking place during the residential real estate bubble in the United States from 2002 to 2006 and the influence of others’ choices on decision making leading to a herd mentality. The antecedents of collective fraud are discussed in terms of the sociological theory behind human herding and the fraudulent behaviors during the real estate bubble are examined. Using archival witness testimony as a primary basis for analysis, this paper argues that without widespread collective fraud, the bubble may not have developed and the herd mentality may have dissipated without the consequences of financial disaster. The aim of an analysis of this nature is to offer a plausible explanation of some of the preconditions to the event under study.



    Upload a copy of this work     Papers currently archived: 79,724

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Putting Ethics on the Agenda for Real Estate Agents.Johannes Brinkmann - 2009 - Journal of Business Ethics 88 (1):65-82.
Agricultural real estate loans and secondary markets.David B. Pariser - 1987 - Agriculture and Human Values 4 (2-3):29-39.
Irrational Exuberance.Robert J. Shiller - 2001 - Princeton University Press.
Real‐estate agent ethics: Selected findings from two Norwegian studies.Johannes Brinkmann - 2000 - Business Ethics, the Environment and Responsibility 9 (3):163-173.
The real estate investor.Mitchell Langbert & Donald Grunewald - 2004 - Journal of Business Ethics 51 (1):91-99.
Residential politics: How democracy erodes community.Spencer H. MacCallum - 2005 - Critical Review: A Journal of Politics and Society 17 (3-4):393-425.
Ethics and Real Estate.Doris Barrell - 2000 - Real Estate Education.
An Integral Model of Collective Action in Organizations and Beyond.Lu Tang - 2008 - Journal of Business Ethics 80 (2):249-261.


Added to PP

11 (#865,354)

6 months
1 (#479,335)

Historical graph of downloads

Sorry, there are not enough data points to plot this chart.
How can I increase my downloads?

Citations of this work

No citations found.

Add more citations

References found in this work

No references found.

Add more references