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Panel OLS and GMM-IV estimates indicate that executives respond to the adoption of a compensation clawback provision by decreasing firm risk. The mechanisms that transmit incentives to decisions and decisions to risk appear to be more conservative investment and financial policies and preemptive...
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3.4. Financial Strain Perpetuated by a Criminogenic Culture: H44. Methodology; 4.1. Research Design; 4.2. Fraud and … Letter Cases included for this Study; 4 The Banks and Market Manipulation: A Financial Strain Analysis of the Libor Fraud; 1 …. Introduction; 2. The Factors that Contribute to the Libor Fraud; 2.1. Control Environment; 3. Theory and Literature Review; 3 …
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