Financialized corporate governance as commonly practiced causes significant inefficiencies and harm. Corporations and governments routinely fail to design and enforce rules that reduce the opacity of corporations, create effective commitments that prevent harm, and ensure proper accountability....

In this article, I use a unique dataset consisting of listed Indian firms that have been indicted for economic malpractice/default or have been non-compliant with laws/ regulations/ guidelines to estimate the stock price impact of regulatory actions against corporate irregularities. The sample...

Wang seeks to explain why one company committed securities fraud only during certain years and why some companies had a higher propensity to commit securities fraud. He finds evidence linking executive incentive compensation to securities fraud. Some corporate governance measures may also play a...