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Foreign Bribery : Incentives and Enforcement

Karpoff, Jonathan M. - 2017

We use data from enforcement actions initiated under the U.S. Foreign Corrupt Practices Act (FCPA) to examine firms' incentives to pay bribes and their costs when they are caught. Bribery is associated with projects that are valuable even considering the expected penalties. For firms that are...

Persistent link: https://www.econbiz.de/10012976639

Deterrence of Financial Misreporting When Public and Private Enforcement Strategically Interact

Schantl, Stefan - 2020

This paper studies strategic interactions between public and private enforcement of accounting regulation and their consequences for the deterrence of financial misreporting. We develop an economic model with a manager, a public enforcement agency, and an investor and derive equilibrium...

Persistent link: https://www.econbiz.de/10012852311

Do Corporate Whistleblower Laws Deter Accounting Fraud?

Berger, Philip G. - 2019

auditing being a mechanism by which whistleblowing exposure lowers fraud risk. Finally, we find the introduction of the Dodd …

Persistent link: https://www.econbiz.de/10012900766

Did the Dodd–Frank Whistleblower Provision Deter Accounting Fraud?

Berger, Philip G.; Lee, Heemin - 2022

inference, we use state False Claims Acts (FCAs), under which whistleblowing about accounting fraud at a firm invested in by a … and not exposed to whistleblowing risk from a state FCA during the 2008–2010 period that preceded the 2011 SEC … implementation of the Dodd–Frank whistleblowing provision. We hypothesize that firms already exposed to a state FCA whistleblower law …

Persistent link: https://www.econbiz.de/10014244776

The Effects of Cross-Border Cooperation on Disclosure Enforcement and Earnings Attributes

Silvers, Roger - 2020

This study tests for changes in U.S.-listed foreign firms' financial reporting properties and transparency when their home market regulators enter an arrangement that facilitates enforcement cooperation with the Securities and Exchange Commission. This arrangement—the International...

Persistent link: https://www.econbiz.de/10012834405

The Effects of Cross-Border Cooperation on Enforcement and Earnings Attributes

Silvers, Roger - 2018

The events of Sept. 11, 2001, prompted sweeping cross-border coordination efforts for securities regulators around the globe. After 9/11, the International Organization of Securities Commissions (IOSCO) forged an arrangement—the Multilateral Memorandum of Understanding Concerning Consultation...

Persistent link: https://www.econbiz.de/10012932604

The Effectiveness of White-Collar Crime Enforcement : Evidence from the War on Terror

Nguyen, Trung - 2018

This paper studies the deterrent effect of criminal enforcement on white-collar criminal activities. Using the 9/11 terrorist attacks as a shock to the FBI's allocation of investigative resources and priorities, and variations in the Muslim population in the United States as a measure of...

Persistent link: https://www.econbiz.de/10012928376

The Effectiveness of White‐Collar Crime Enforcement : Evidence from the War on Terror

Nguyen, Trung - 2021

This paper analyzes the impact of changes in regulatory priorities and resource allocation on criminal enforcement of white‐collar criminal activities. Using the 9/11 terrorist attacks as a shock to the FBI's priorities and allocation of investigative resources, as well as variation in the...

Persistent link: https://www.econbiz.de/10013236053

Regulatory Enforcement in OTC Markets

Cazier, Richard A.; Huang, Jianning; Zhou, Fuzhao - 2021

Regulators of over-the-counter (OTC) markets face a unique enforcement challenge. OTC markets are particularly susceptible to investor fraud, but prior research indicates regulators prefer to focus their enforcement efforts on larger, exchange-listed firms. We shed light on the SEC’s tailored...

Persistent link: https://www.econbiz.de/10013251873

Did the Siebel Systems Case Limit the SEC’s Ability to Enforce Regulation Fair Disclosure?

Allee, Kristian D. - 2020

We examine whether a shock to the enforceability of Regulation Fair Disclosure (Reg FD) limited its ability to restrict the flow of private information between managers and investors. Prior work provides evidence that Reg FD reduced managers' selective disclosure of material information...

Persistent link: https://www.econbiz.de/10012848129