Showing 1 - 10 of 4,970
Transparency is usually thought to reduce favoritism and corruption by facilitating monitoring by outsiders, but there … aggregates favoritism (nationalistic bias from own-country judges) and corruption (vote trading), actually increased slightly …
Persistent link: https://www.econbiz.de/10012460925
unusually low CEO turnover and rely on internal management promotions. Their managers exercise stock options faster than …
Persistent link: https://www.econbiz.de/10012459775
Discussions of financial risk often fail to distinguish between risks that are consciously borne and those that are not. To understand the breeding conditions for financial crises the prime focus of concern should not be simply on large risk-taking per se, but on the unintended, or unanticipated...
Persistent link: https://www.econbiz.de/10012468892
Insiders can artificially deflect the market prices of financial instruments from their full-information or inside value' by issuing deceptive accounting reports. Incentive support for disinformational activity comes through forms of compensation that allow corporate insiders to profit...
Persistent link: https://www.econbiz.de/10012469064
Persistent link: https://www.econbiz.de/10013480864
Persistent link: https://www.econbiz.de/10013480814
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 single mechanism, but on a wide range of, often improbable, actors …
Persistent link: https://www.econbiz.de/10012465774
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
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
, corruption, and trade agreements, suggesting that firms intentionally misreport trade data. These misreports have implications …
Persistent link: https://www.econbiz.de/10012456086