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Financial impact of regulatory sanctions on French listed companies

Batz, Laure de - 2018

This paper assesses the information content of sanctions of listed companies pronounced by the French Financial Market Authority, through reactions from financial markets over the period 2004 to 2016. We answer whether, for a listed company, being named in a sanction report, as an offender, an...

Persistent link: https://www.econbiz.de/10011845161

Fraud Allegations and Government Contracting

Heese, Jonas - 2019

This paper examines whether fraud allegations affect firms' contracting with the government. Using a dataset of whistleblower allegations brought under the False Claims Act against firms accused of defrauding the government, we find that federal agencies do not reduce the total dollar volume of...

Persistent link: https://www.econbiz.de/10012896616

Chapter VII : Paradise Regained: The Supreme Court Approves the Misappropriation Theory

Colesanti, J. Scott - 2018

This book traces the origin of the distinctly American insider trading prohibition, while also detailing the eye-catching recoveries thereunder. Relevant administrative decisions, Congressional inaction, and judicial innovations are all analyzed. Oral arguments, policy speeches, and, of course,...

Persistent link: https://www.econbiz.de/10012921228

Financial crime spillovers : does one gain to be avenged?

Batz, Laure de - In: Journal of economic behavior & organization : JEBO 173 (2020), pp. 196-215

Persistent link: https://www.econbiz.de/10012288338

An Empirical Analysis of Public Enforcement of Directors’ Duties in Australia : Preliminary Findings

Hedges, Jasper - 2016

enforcement was more prevalent than civil enforcement and there was a significant emphasis on incapacitative sanctions such as … a low magnitude relative to the statutory maximum sanctions. Criminal and civil enforcement had similarly high success … rates and the civil enforcement process was only slightly faster than the criminal process, suggesting that criminal …

Persistent link: https://www.econbiz.de/10012994384

Global Settlements : Promise and Peril

Coffee, John C. - 2020

In 2010, Morrison v. National Australia Bank Ltd. destabilized the world of securities litigation by denying those who purchased their securities outside the U.S. the ability to sue in the U.S. (as they had previously often done). Nature, however abhors a vacuum, and practitioners and other...

Persistent link: https://www.econbiz.de/10012849595

Political Connections and White-Collar Crime : Evidence from Insider Trading in France

Bourveau, Thomas - 2017

This paper investigates whether political connections affect individuals' propensity to engage in illegal activities in financial markets. We use the 2007 French presidential election as marker of change in the value of political connections, in a difference-in-differences research design. We...

Persistent link: https://www.econbiz.de/10012954909

Financial Reporting Fraud and Other Forms of Misconduct : A Multidisciplinary Review of the Literature

Amiram, Dan - 2018

Financial reporting fraud and other forms of financial reporting misconduct are a significant threat to the existence and efficiency of capital markets. This study reviews the literature on financial reporting misconduct from the perspectives of law, accounting, and finance. Our goals are to...

Persistent link: https://www.econbiz.de/10012933126

In the Valley of the Blind the One-Eyed Man is King : Corporate Crime and the Myopia of Financial Regulation

Fooks, Gary Jonas - 2010

exercise over information about their operation, the system of financial regulation and the production of public knowledge … both past and present regimes of financial regulation, first under the auspices of the Securities and Investment Board (SIB …, the system of financial regulation in the UK (and, therefore, commercial fraud control) allows itself to be excluded from …

Persistent link: https://www.econbiz.de/10013147299

Echo Epidemics : Control Fraud Epidemics Generate 'White-Collar Street Crime' Epidemics - Comment on: Mortgage Origination Fraud and the Global Economic Crisis: A Criminological An...

Black, William K. - 2010

“Control fraud” drove the crisis. Control fraud occurs when those that control a seemingly legitimate entity use it as a “weapon” to defraud. In finance, accounting is the “weapon of choice.” Regulators, criminologists, and criminologists have documented the pervasive role of control...

Persistent link: https://www.econbiz.de/10013143482