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Trust, Salience and Deterrence: Evidence from an Antitrust Experiment
Bigoni, Maria; Fridolfsson, Sven-Olof; Le Coq, Chloe; … - 2011
We present results from a laboratory experiment identifying the main channels through which different law enforcement strategies deter organized economic crime. The absolute level of a fine has a strong deterrence effect, even when the exogenous probability of apprehension is zero. This effect...
Persistent link: https://www.econbiz.de/10010320242
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What drives taxi drivers? A field experiment on fraud in a market for credence goods
Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - 2011
measure different types of fraud and to examine the influence of passengers' presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …. Higher income seems to lead to more fraud. …
Persistent link: https://www.econbiz.de/10010294777
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What drives taxi drivers? A field experiment on fraud in a market for credence goods
Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - 2011
measure different types of fraud and to examine the influence of passengers' presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …. Higher income seems to lead to more fraud. …
Persistent link: https://www.econbiz.de/10010274989
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Price competition and reputation in credence goods markets: Experimental evidence
Mimra, Wanda; Rasch, Alexander; Waibel, Christian - 2016
customers. As experts provide both diagnosis and treatment, this leaves scope for fraud. We experimentally investigate how … to defraud his customers when the expert can build up reputation. We show that the level of fraud is significantly higher … competition. More customer information does not necessarily decrease the level of fraud. …
Persistent link: https://www.econbiz.de/10011753240
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What drives fraud in a credence goods market? Evidence from a field study
Rasch, Alexander; Waibel, Christian - 2013
This paper investigates the impact of four key economic variables on an expert firm’s incentive to defraud its customers in a credence goods market: the level of competition, the expert firm’s financial situation, its competence, and its reputational concerns. We use and complement the...
Persistent link: https://www.econbiz.de/10011753243
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Financial impact of regulatory sanctions on French listed companies
de Batz, Laure - 2018
This paper assesses the information content of sanctions of listed companies pronounced by the French Financial Market Authority, through reactions from financial markets over the period 2004 to 2016. We answer whether, for a listed company, being named in a sanction report, as an offender, an...
Persistent link: https://www.econbiz.de/10012063456
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Financial crime spillovers: Does one gain to be avenged?
de Batz, Laure - 2019
This paper examines the spillovers of the sanction procedures on listed companies which were victims of others' financial regulatory breaches (i.e. regulated entities or individuals). Market manipulators can be investigated and possibly sanctioned for doing so, according to the French...
Persistent link: https://www.econbiz.de/10012063507
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Financial Crime and Punishment: A Meta-Analysis
de Batz, Laure; Kocenda, Evzen - 2020
We examine how the publication of intentional financial crimes committed by listed firms is interpreted by financial markets, using a systematic and quantitative review of existing empirical studies. Specifically, we conduct a meta-regression analysis and investigate the extent and nature of the...
Persistent link: https://www.econbiz.de/10012695513
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Financial Market Enforcement in France
de Batz, Laure - 2022
This paper puts into perspective enforcement as conducted by the French Financial Market Authority since its creation in 2003 until 2021 with regards to the current state of the literature on financial crimes. We survey exhaustively the three main channels of action: sanctions, settlements...
Persistent link: https://www.econbiz.de/10014547763
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Political Relationships, Global Financing and Corporate Transparency
Leuz, Christian; Oberholzer-Gee, Felix - 2003
This study examines the financing choices of firms operating in a weak institutional environment. We argue that in relationship-based systems, global financing and political connections are substitutes: Well-connected firms are less likely to access foreign capital markets because (state-owned)...
Persistent link: https://www.econbiz.de/10012168163