Yu, Frank; Yu, Xiaoyun - In: Journal of Financial and Quantitative Analysis 46 (2012) 06, pp. 1865-1891
This paper examines the relation between corporate lobbying and fraud detection. Using data on corporate lobbying expenses between 1998 and 2004, and a sample of large frauds detected during the same period, we find that firms’ lobbying activities make a significant difference in fraud...