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Who Blows the Whistle on Corporate Fraud?

Dyck, I. J. Alexander - 2010

What external control mechanisms are most effective in detecting corporate fraud? To address this question we study in … depth all reported cases of corporate fraud in companies with more than 750 million dollars in assets between 1996 and 2004 …. We find that fraud detection does not rely on one single mechanism, but on a wide range of, often improbable, actors …

Persistent link: https://www.econbiz.de/10012760394

The Dark Side of Outside Directors : Do They Quit When They are Most Needed?

Fahlenbrach, Rüdiger - 2015

action securities fraud lawsuit …

Persistent link: https://www.econbiz.de/10013038902

Illegal Child Labor in the United States : Prevalence and Characteristics

Kruse, Douglas; Mahony, Douglas - 2021

This study provides the first comprehensive estimates of children and youth working under conditions that violate federal and state child labor laws. Using the CPS, NLS, and other sources, it is estimated that 148,000 minors are employed illegally in an average week working too many hours or in...

Persistent link: https://www.econbiz.de/10013239964

Embezzlement Versus Bribery

Fan, C. Simon - 2010

Corrupt officials can use their positions to enrich themselves in two ways. They can steal from the state budget--embezzling or misspending funds--or they can demand extra payments from citizens in return for services--bribery. In many circumstances, embezzlement is less distortionary than...

Persistent link: https://www.econbiz.de/10013135875

Economical Crime Control

Cook, Philip J. - 2010

This paper is the introductory chapter for the forthcoming NBER volume Controlling Crime: Strategies and Tradeoffs. The Great Recession has led to cuts in criminal justice expenditures, and the trend towards ever-higher incarceration rates that has been underway since the 1970s in the U.S....

Persistent link: https://www.econbiz.de/10013136359

Executives' "Off-the-Job" Behavior, Corporate Culture, and Financial Reporting Risk

Davidson, Robert H. - 2012

legal record are more likely to perpetrate fraud. In contrast, we do not find a relation between executives' frugality and … the propensity to perpetrate fraud. However, as predicted, we find that unfrugal CEOs oversee a relatively loose control … environment characterized by relatively high probabilities of other insiders perpetrating fraud and unintentional material …

Persistent link: https://www.econbiz.de/10013107519

Smokescreen : How Managers Behave When They Have Something to Hide

Artiga González, Tanja - 2013

We study financial reporting and corporate governance in 218 companies accused of price fixing. These firms engage in evasive financial reporting strategies, including earnings smoothing, segment reclassification, and restatements. In corporate governance, cartel firms favor outside directors...

Persistent link: https://www.econbiz.de/10013085128

The Geography of Financial Misconduct

Parsons, Christopher A. - 2014

misconduct correspond with local waves of non-financial corruption, such as political fraud …

Persistent link: https://www.econbiz.de/10013049696

Deputization

Carlin, Bruce Ian; Umar, Tarik; Yi, Hanyi (Livia) - 2022

A policy of deputization asks agents to monitor others without providing explicit incentives. It is often used to prevent dangerous activities. To calibrate whether and why it works, we study recent laws that deputized financial professionals to help fight elder financial abuse. We show...

Persistent link: https://www.econbiz.de/10014241950

A Lobbying Approach to Evaluating the Sarbanes-Oxley Act of 2002

Hochberg, Yael V. - 2016

We evaluate the net benefits of the Sarbanes-Oxley Act (SOX) for shareholders by studying the lobbying behavior of investors and corporate insiders to affect the final implemented rules under the Act. Investors lobbied overwhelmingly in favor of strict implementation of SOX, while corporate...

Persistent link: https://www.econbiz.de/10012747810