What did Braithwaite (1984) find about law-abiding companies in relation to profitability?

Braithwaite's research in 1984 highlighted that law-abiding companies often have the advantage of accessing more lucrative markets, which can be attributed to their adherence to legal and ethical standards. Companies that comply with laws and regulations create positive relationships with consumers, stakeholders, and regulatory bodies. This compliance fosters trust and enhances their corporate image, making them more attractive to consumers who value ethical business practices.

Furthermore, these companies are less likely to face legal repercussions, fines, or scandals that can arise from unethical practices. As a result, law-abiding firms can position themselves competitively in the market, tapping into consumer bases that are willing to pay a premium for products or services from reputable sources. This contrasts with companies that may resort to unethical practices, which could hinder their ability to attract and maintain customer loyalty and access certain markets.