Committing financial fraud is a serious breach of business ethics. However, there are few large scale studies of financial fraud that involve ethical considerations. In this study, we investigate the pervasive financial scandals, which by the end of 2012 involved more than a third of the...

We examine whether social media criticisms posted by small investors can predict subsequent firm acquisition decisions. Specifically, we use textual analysis to examine the Internet stock message board postings of 303 value-reducing acquisition attempts. Our empirical evidence shows that small...

We investigate the impact of social capital on three facets of foreign high-tech companies' investment in China: where to invest, which ownership structure to implement, and how much to invest in R&D. We find local social capital in China is an important factor in these investment decisions....