The paper specifically examines the post fraud firms' characteristics for over 3 years after fraud had occurred … sales as well as increased in debts during the three years after the fraud for fraud firms. However, roles of block holders … and board's size may lessen the impact of fraud …

mutual fund ownership in reducing corporate fraud activities among listed firms in China. This confirms that fund managers … after firms are penalized by the regulatory authorities for corporate fraud. We also observe that this effect is more …

This is a response to William W. Bratton & Michael L. Wachter, The Political Economy of Fraud on the Market, 160 U. PA …. L. REV. 69 (2011). Bratton and Wachter argue that fraud-on-the-market class actions (FOTM) should be eliminated and …

Although securities fraud ... …

This article analyzes the novel securities fraud theory of “price fraud.” Under this theory, an issuer and an … underwriter are potentially subject to securities fraud liability for knowingly setting the offering price of securities at a … level that is not rationally related to the securities' fundamental value. The potential for price fraud liability could …

perpetrator of the fraud. Although one of the primary objectives of segment reporting is to increase the transparency of the firm … significant bill and hold transactions may be more at risk for fraud at the segment level. We find that during the fraud period …-average performing firms are committing fraud, but rather suggesting it could be one of many indicators that fraud may be occurring …

We study the propensity of firms to commit financial fraud using a sample of SEC enforcement actions from 2000 to 2006 … between fraud probability and CEO-board connectedness. The nature of this relation depends on the institutional origin of the … connection. While nonprofessional connectedness due to shared educational and non-business antecedents increase fraud probability …