' information and greater use of relative performance evaluation encourage the commission of financial fraud. Less collection of … information about individual firms decreases the probability of fraud detection and increases the probability of fraud commission …. We also examine dynamic effects of fraud. Our results suggest that, in fragmented industries, fraud can amplify cyclical …

This article presents an economic model of corporate fraud arising from shareholder incentives. First, the model shows …

We develop and test a model linking the duration of financial fraud to information produced by auditors and analysts … and efforts by managers to conceal the fraud. Our empirical results suggest fraud termination is more likely in the …, indicating auditors' observable signals reduce fraud duration. Analyst attention increases the likelihood of fraud termination …