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The Price Impact of Joining a Currency Union : Evidence from Latvia

Cavallo, Alberto - 2014

consumption goods. We consider the case of Latvia, which recently dropped its pegged exchange rate and joined the euro zone. We … between Latvia and euro zone countries collapsed swiftly following entry to the euro. The percentage of goods with nearly … identical prices in Latvia and Germany increased from 6 percent to 89 percent. The median size of price differentials declined …

Persistent link: https://www.econbiz.de/10012458441

Consumer Surveillance and Financial Fraud

Bian, Bo; Pagel, Michaela; Tang, Huan - National Bureau of Economic Research - 2023

Companies near constantly surveil their customers to collect, analyze, and profit from their private information. A prevailing concern is that the market for private data and security breaches expose consumers to financial fraud. In this study, we exploit Apple's App Tracking Transparency (ATT)...

Persistent link: https://www.econbiz.de/10014372449

The dark side of outside directors : Do they quit when they are most needed?

Fahlenbrach, Rüdiger - 2010

Outside directors have incentives to resign to protect their reputation or to avoid an increase in their workload when they anticipate that the firm on whose board they sit will perform poorly or disclose adverse news. We call these incentives the dark side of outside directors. We find strong...

Persistent link: https://www.econbiz.de/10012462735

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

Hochberg, Yael V. - 2007

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/10012465704

Who Blows the Whistle on Corporate Fraud?

Dyck, Alexander - 2007

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...

Persistent link: https://www.econbiz.de/10012465774

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/10012462144

The Geography of Financial Misconduct

Parsons, Christopher A. - 2014

We find that a firm's tendency to engage in financial misconduct increases with the misconduct rates of neighboring firms. This appears to be caused by peer effects, rather than exogenous shocks like regional variation in enforcement. Effects are stronger among firms of comparable size, and...

Persistent link: https://www.econbiz.de/10012458320

Unethical Culture, Suspect CEOs and Corporate Misbehavior

Biggerstaff, Lee - 2013

We show that firms with CEOs who personally benefitted from options backdating were more likely to engage in other forms of corporate misbehavior, suggestive of an unethical corporate culture. These firms were more likely to overstate firm profitability and to engage in less profitable...

Persistent link: https://www.econbiz.de/10012459399

Smokescreen : How Managers Behave When They Have Something To Hide

González, Tanja Artiga - 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/10012459775

Trust and Cheating

Butler, Jeffrey V. - 2012

When we take a cab we may feel cheated if the driver takes an unnecessarily long route despite the lack of a contract or promise to take the shortest possible path. Is our decision to take the cab affected by our belief that we may end up feeling cheated? Is the behavior of the driver affected...

Persistent link: https://www.econbiz.de/10012460152