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Who did it Matters : Executive Equity Compensation and Financial Reporting Fraud

Davidson, Robert H. - 2021

In within-firm analysis of 1,805 executives, executives implicated in financial reporting fraud cases have … significantly stronger equity incentives than their within-firm peers who are not implicated in the fraud. Executives implicated in … fraud cases also have significantly stronger equity incentives than executives at non-fraud firms in similar roles. However …

Persistent link: https://www.econbiz.de/10013211715

Corporate Oversight and Stakeholder Lines of Defense

Lyons, Sean - 2014

The financial crisis of 2008 and the resulting economic recession have cruelly exposed weaknesses in corporate oversight at all levels – organizational, sector, national, and international. Consequently stakeholders are now demanding higher standards of corporate oversight to provide them with...

Persistent link: https://www.econbiz.de/10013067333

The Impact of Corporate Social Responsibility on Risk Taking and Firm Value

Harjoto, Maretno A. - 2016

We hypothesize that CSR serves as a control mechanism to reduce deviations from optimal risk taking, and therefore, CSR curbs excessive risk taking and reduces excessive risk avoidance. Based on the stakeholder theory, firms with CSR focus must balance the interests of multiple stakeholders, and...

Persistent link: https://www.econbiz.de/10012991762

The Impact of Corporate Social Responsibility on Excessive Risk Taking and Firm Value

Harjoto, Maretno A. - 2016

We hypothesize that CSR serves as a control mechanism to curb excessive risk taking and to reduce excessive risk avoidance. Firms with CSR focus must balance the interests of multiple stakeholders, and therefore, must allocate resources to satisfy both investing and noninvesting stakeholders'...

Persistent link: https://www.econbiz.de/10012992684

CSR, Market Value, and Profitability : International Evidence

Bajic, Stevan - 2016

Three problems pose severe challenges to identify the impact of corporate social responsibility (CSR) on firm value and performance. These are construct validity, limited data, and endogeneity. To deal with them we use a broad composite measure of CSR and panel data with firm fixed and random...

Persistent link: https://www.econbiz.de/10012981886

Appointing Charity Directors in Response to ESG Incidents

Gertsberg, Marina; Jung, Hae Won (Henny); Zhang, Yuyang - 2023

This paper examines how companies respond to negative ESG incidents by appointing directors with experience in charitable organizations. We find that firms are more likely to make such appointments following ESG incidents, especially when these incidents attract substantial media attention or...

Persistent link: https://www.econbiz.de/10014349962

Collaborative investor engagement with policymakers : changing the rules of the game?

Yamahaki, Camila; Marchewitz, Catherine - 2023

Although a growing number of investors are engaging with sovereign entities on environmental, social, and governance (ESG) issues, little academic research investigates this new form of investor activism. Applying universal ownership theory and drawing on eleven case studies of policy...

Persistent link: https://www.econbiz.de/10014338086

CEO-Director Connections and Corporate Fraud

Chidambaran, N.K. - 2010

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 …

Persistent link: https://www.econbiz.de/10013137852

Competition and Corporate Fraud Waves

Wang, Tracy Yue - 2012

sensitivity to individual firm information tends to encourage fraud commission. The use of relative performance evaluation (i ….e., industry benchmarking) in managerial retention decisions also encourages fraud. The lack of information collection about … individual firms tends to decrease the probability of fraud detection and increase the probability of fraud commission. All three …

Persistent link: https://www.econbiz.de/10013115111

Competition and Corporate Fraud Waves

Wang, Tracy Yue - 2012

Persistent link: https://www.econbiz.de/10013103931