restatement announcements imply increased fraud risks in Chinese firms in the context that up to one quarter of listed companies … restatements with respect to fraud. In this paper, firms with financial restatements prove to be more likely to be labeled as … positively correlated with future fraud disclosures, and (3) restatements due to negligence are positively correlated with future …

consumers' beliefs about the credibility of firms' CSR claims, which depend in turn on the (expected) fines for fraud. First, we … likelihood of certification. Second, fraud only arises when the fines for fraud are at intermediate levels and some CSR firms do … not certify their practices. Third, the presence of fraud comes at a cost for firms by inducing lower equilibrium prices …

mutual fund ownership in reducing corporate fraud activities among listed firms in China. This confirms that fund managers … after firms are penalized by the regulatory authorities for corporate fraud. We also observe that this effect is more …

This study investigates the impact of corporate fraud on household investment choices. We conjecture that by … undermining trust in the financial and insurance market, corporate fraud behaviour would decrease households' investment in risky … corporate fraud invest less in stocks and are less likely to purchase private insurance. By contrast, fraud experience increases …

of controlling shareholders on managerial accountability to corporate fraud. In China, prior to the Split Share Structure … economic incentives are important to promote corporate governance and deter fraud …

fraud in Chinese-listed firms. Previous research has shown that corporate fraud in China is a widespread phenomenon and has … severe consequences for affected firms and executives. However, our understanding of the reasons fraud is committed in a … for Chinese firms. We show that managers' equity incentives increase their propensity to commit corporate fraud. We also …

This paper identifies a new incentive for managers to engage in corporate fraud stemming from the relative performance … evaluation feature of CEO promotion tournaments. We document higher propensities to engage in fraud for firms with strong … engage in risky activities. We thereby extend previous corporate fraud literature that focuses mainly on equity …