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 …

Corruption in finance is a relatively new topic which is gathering researcher's attention because of the increase in … overall trends, shifts and structure of corruption in finance research in one roof. The study uses bibliometric analysis and … systematic literature review (SLR) to analyze corruption in finance research. The major findings of this study show that research …

Supreme Court has called “illicit manipulation of a board's deliberative processes” or “fraud upon the board”). Commission of … fraud on the board is an omnipresent temptation for self-interested controllers, activist stockholders, officers, financial … advisors, and their legal counsel. Fraud can be used to put a company in play, steer a sale process toward a favored bidder …

publicly disclosed narrative of a sale process conceals undisclosed fraud on a board. A non-fiduciary's corruption of a board … should remedy and deter tortious misconduct that corrupts board decision-making. Commission of fraud on the board is an … counsel. Fraud can be used to put a company in play, steer a sale process toward a favored bidder, suppress the sale price to …

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 …