We study the propensity of firms to commit financial fraud using a sample of SEC enforcement actions from 2000 to 2006 … between fraud probability and CEO-board connectedness. The nature of this relation depends on the institutional origin of the … connection. While nonprofessional connectedness due to shared educational and non-business antecedents increase fraud probability …

securities fraud and experienced class action lawsuits filed between 1989 and 1999. Estimating Fama-French (F-F) three …-factor model-based monthly abnormal returns for three events, alleged fraud commission (FC), fraud disclosure (FD), and initial … changes in systematic risk (F-F factor loadings), suggesting that the effects of fraud are confined primarily to changes in …

Using a sample of companies charged with government, financial reporting, or stakeholder fraud or regulatory violation … in the United States during the 1978-2001 period, this study found that after the accusation of fraud, companies …. Furthermore, the results show comparable long-run stock price and operating performance between companies charged with fraud and a …