We investigate whether credit rating agencies (CRAs) and investors price the extent to which municipal bond ratings are explainable using public information. We use an ordinal logistic regression to estimate the expected and unexpected portions of bond ratings, and find that both CRA fees and...

Whistleblowing plays a critical role in detecting fraud in organizations. In this study, we examine the effect of value congruence on employees’ intentions to report fraudulent acts at social mission organizations (SMOs). We deploy a vignette research design to investigate the whistleblowing...