한국 부정부패행위 처벌의 적정성에 관한 연구 : 회계학적 접근을 중심으로
Profit-Penalty Assessement of White Crimes in Korea
한국 부정부패행위 처벌 회계학;
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The main purpose of this thesis is to assess whether the penalty of white crimes in Korea is appropriate. The assessment is made by a managerial finance model, namely profitability index model. The numerator of the model, the penalty consists of amercement, forfeit, and penal servitude, and the denominator is the total amount of all the illegal proceeds subject to judgement. The main hypothesis is to discern whether the penalty/profit index is greater than 1, and what does the assessed index number imply. 16 actual judgement cases of white crimes in Korea(1997-2003) are used for the assessment. Following the introduction chapter, a simple calculation has been made, using the quantitative amounts, namely amercement and forfeit, not including penal servitude for numerator, and the total illegal proceeds of the case for denominator in the second chapter. In the third chapter, probability of getting caught for the crime has been assessed by both students survey and hypothetically. The reassessed amounts based on the probability are used to recalculate the penalty/profit index. In the fourth chapter, the time value of money is considered to make the both amounts of numerator and denominator be current value equivalent. In the fifth chapter, an attempt has been made to assess the amount of penalty for each year of penal servitude, dividing the difference between the proceeds and the quantifiable penalty(amercement and forfeit) by the number of years of penal survitude, and the assessment is compared with a student survey result on the same subject for its implication, if there is any estrangement or alienation. Findings from this study can be compared with those in other countries like Japan, the United States of America, and several countries in Europe, and this task will be the future research. While there must be considerable reasons an prudence for the legal authorities if not the discipline of law to defend the current practice, an application of one of the most popular criterion for capital investment model, namely the profitability index model deems timely relevant today when the entire news media in Korea concerns the subject. The last point, not the least important point is that few societies can enjoy a sustainable economic growth without resolving the crime problems substantially. Trust issue in reference to TRUST by Francis Fukuyama(1996), the same author of END OF HISTORY (1992) matters, indeed.