Financial crimes have existed since the advent of trade commerce. One of the key factors behind recurrent financial crimes in the corporate context is the separation of corporate ownership and management. Such a separation makes it difficult for the owners to effectively monitor the management, therefore allowing the management to act opportunistically or fraudulently (Jensen & Meckling, 1976). White-collar crime is the overarching term that encompasses a range of financial frauds which are committed in the corporate context. Sutherland (1940) describes white-collar crime as a violation of delegated trust. In the corporate context, management is entrusted with the responsibility of managing a corporation on behalf of its owners and stakeholders. A corporate fraud involves the violation of such trust where the management does not act in the best interests of the corporationís stakeholders but rather acts opportunistically to benefit certain specific stakeholders at the expense of others.

中文翻译：

---

了解公司欺诈的理论基础

自贸易贸易以来，金融犯罪就已经存在。公司背景下反复发生金融犯罪的关键因素之一是公司所有权和管理权的分离。这种分离使所有者很难有效地监控管理层，因此使管理层可以机会主义或欺诈性地行动（Jensen＆Meckling，1976）。白领犯罪是一个笼统的术语，涵盖了在公司范围内实施的一系列金融欺诈行为。Sutherland（1940）将白领犯罪描述为对委托信任的侵犯。在公司环境中，管理层负有代表公司所有者和利益相关者管理公司的责任。