This study examines whether the revolving door phenomenon at financial intermediaries affects fraud allegations against client firms. Using a sample of IPOs in the Chinese market, we find that client firms sponsored by institutions that employ former China Securities Regulatory Commission (CSRC)...

Purpose: Anti-money laundering has attracted much global attention, driving banks to invest in the establishment of suspicious transaction report mechanisms for the declaration of suspicious transactions. However, very few studies discuss how to influence bank employees to proactively declare...