Iwasaki, Ichirō; Kočenda, Evžen - In: Borsa Istanbul Review 25 (2025) 6, pp. 1270-1292
We examine the corporate criminal records of 18,187 firms operating in 17 European emerging markets and empirically analyze the effects of board composition and national institutions on crime deterrence. Our analysis reveals that 872 firms (about 5 % of the sample) committed 1734 crimes over...