We study the relation between fraud and CEO-board connectedness. While nonprofessional connections due to shared non …-business service or alma mater increase fraud probability, professional connections from employment overlaps lower the incidence of … fraud. The benefits of professional connectedness are pronounced when individuals share service as executives rather than as …

' 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 …

, going beyond the traditional view that reduces the case to a mere "accounting fraud". Few studies also evaluate the main …

This study examines whether and how anticorruption efforts may mitigate the risk of corporate fraud. Based on a sample … likelihood of fraud commission and increase the likelihood of detection given fraud. These effects are driven by state …-developed market and legal institutions are less likely to commit fraud in the post anticorruption period. Firms increasing internal …

We provide a lower-bound estimate of the undetected share of corporate fraud. To identify the hidden part of the … frauds are detected. We estimate that on average 10% of large publicly traded firms are committing securities fraud every … year, with a 95% confidence interval of 7%-14%. Combining fraud pervasiveness with existing estimates of the costs of …