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Surprised by Wirecard? : enablers of corporate wrongdoing in Europe

Nyreröd, Theo; Spagnolo, Giancarlo - 2021

In the last two decades prolonged instances of corporate wrongdoing in Europe have been un-covered: from Siemens’ systemic bribery to HSBC and other major bank’s money laundering issues, Dieselgate, LIBOR price-rigging, and the recent Wirecard debacle. What has driven European firms to...

Persistent link: https://www.econbiz.de/10012594658

Criminological Aspects of Subsidy Fraud Against the European Communities

Kirchner, Stefan - 2009

This article addresses the criminological aspects of subsidy fraud crimes targeting the financial interests of the … European Communities. Among the issues covered are the way subsidy fraud crimes are being committed and in which fields the … subsidy fraud crimes …

Persistent link: https://www.econbiz.de/10014063689

Financial Crime : Conclusions and Recommendations

Achim, Monica Violeta; Borlea, Sorin Nicolae; Gaicu, Mihai - 2022

This chapter discusses the conclusions and recommendations resulting from the study. A series of infographs is included to summaries the results of the study using a format that makes it easy for the reader to understand

Persistent link: https://www.econbiz.de/10014264971

Private Enforcement and EU Market Abuse Regulation : A Discussion on Direct (Class) Actions and Derivative Actions

Zouridakis, Georgios; Papadopoulos, Thomas - 2023

Within the past decade, the EU has made significant steps in strengthening and harmonising the legal framework of capital markets. Despite passing and amending secondary legislation on this topic, it only partially addressed the issue of enforcement, leaving private enforcement an issue for its...

Persistent link: https://www.econbiz.de/10014261793

No Derivative Shareholder Suits in Europe : A Model of Percentage Limits and Collusion

Grechenig, Kristoffel R. - 2014

We address one of the cardinal puzzles of European corporate law: the lack of derivate shareholder suits. We explain this phenomenon on the basis of percentage limits which require shareholders to hold a minimum amount of shares in order to bring a law suit. We show that, under this legal...

Persistent link: https://www.econbiz.de/10013068394

Measuring Accounting Fraud and Irregularities Using Public and Private Enforcement

Donelson, Dain C.; Kartapanis, Antonis; McInnis, John M.; … - 2021

Most accounting studies use only public enforcement actions (SEC cases) to measure accounting fraud. However, private … both public and private enforcement regimes, emphasize the importance of screening cases for credible fraud allegations …, and show both yield credible fraud measures. Further, we demonstrate these research design choices affect inferences from …

Persistent link: https://www.econbiz.de/10013243246