This study evaluated stakeholders' ranking of the factors that inhibit enforcement of annual audit rulings on government entities in Nigeria. Accountants, law enforcement agents and judicial officers constituted the research population. Two hundred population elements made-up the sample size....

The protection of foreign investment by treaties often clashes with the State's sovereign right to investigate economic crimes committed by investors. This article examines the different approaches taken by tribunals to questions concerning admissibility and jurisdiction, applicable law, the...

The Spanish Comisión Nacional de los Mercados y la Competencia (CNMC) is facing a institutional, political and technical crisis. The aim of this article is to explain briefly how the CNMC was created as a super-regulator, the possible causes of its current crisis and how this is affecting its...

In recent years numerous observers have raised concerns about "policing for profit," or the deployment of law enforcement resources to raise funds for cash-strapped jurisdictions. However, identifying the causal effect of fi scal incentives on law enforcement behavior has remained elusive. We...

This paper studies the effect of anti-bribery enforcement on the accrual quality of investigated firms and their peers. We analyze a hand-collected sample of 241 bribery cases investigated under the US Foreign Corruption Practices Act (FCPA) over the period 1978-2015. Exploiting the disclosure...

This chapter aims to decipher the adaptability and efficiency of both legal and social enforcement mechanisms in the area of shareholder duties. It covers both traditional and emerging (namely governance and engagement) shareholder duties in an overarching and policy-oriented approach. It...

This paper studies the effect of the public disclosure of the Securities and Exchange Commission (SEC) comment-letter reviews (CLs) on firms' financial reporting. We exploit a major change in the SEC's disclosure policy: in 2004, the SEC decided to make its CLs publicly available. Using a novel...