Showing 1 - 10 of 2,434
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/10013112845
This paper evaluates the influence of host-country financial conditions on the global operations of multinational firms. Using detailed U.S. data, we establish that financial development in a country is associated with relatively more entry by multinational affiliates, as well as with higher...
Persistent link: https://www.econbiz.de/10013055496
, corruption, and trade agreements, suggesting that firms intentionally misreport trade data. These misreports have implications …
Persistent link: https://www.econbiz.de/10012983673
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/10012760394
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/10013078313
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/10013098476
We evaluate the net benefits of the Sarbanes-Oxley Act (SOX) for shareholders by studying the lobbying behavior of …-related provisions than for similar non-lobbying firms. Analysis of returns in the post-passage implementation period indicates that …
Persistent link: https://www.econbiz.de/10012747810
Multiproduct firms and product turnover are widespread phenomena. This paper develops a theoretical framework that links advantages in Ramp;D and variable costs with firm's ability to expand its portfolio of products. The framework is then applied to explain systematic differences in product...
Persistent link: https://www.econbiz.de/10012761578
corruption. Students who demonstrate lower levels of prosocial preferences in the laboratory games are also more likely to prefer … corruption do not systematically predict job preferences. We find that a screening process that chooses the highest ability … applicants would not alter the average propensity for corruption among the applicant pool. Our findings imply that differential …
Persistent link: https://www.econbiz.de/10013072869
anti-corruption enforcement affect the expected quality of governance through candidate self-selection. We also show that …
Persistent link: https://www.econbiz.de/10013038435