Understanding Corporate Non-Compliance in the Financial Industry from a Longitudinal Perspective

This PhD project investigates how and why financial institutions deviate from legal compliance over time. Focusing on the Dutch financial sector, it combines regulatory data, inspection reports, and institutional characteristics to uncover patterns in corporate risk behavior and non-compliance. The project spans four interconnected studies: (1) Mapping trajectories of corporate risk behavior and their links to regulatory action; (2) examining firm-level characteristics, such as life stage and governance, associated with risk profiles; (3) assessing how external regulatory events like inspections and enforcement actions influence corporate conduct over time; and (4) exploring structural shortcomings of the current regulatory system. This research aims to strengthen empirical foundations for risk-based regulation and contribute to more effective financial supervision. It is conducted in an collaborative effort by researchers from the Netherlands Institute for the Study of Crime and Law Enforcement (NSCR), the University of Leiden, and the Vrije Universiteit Amsterdam. The project is funded by the Dutch Research Council (NWO).