Scandals

Modern Company and Capital Market Problems: Improving European Corporate Governance after Enron

Legal Personhood and Liability for Flawed Corporate Cultures

A number of recent corporate law scandals (including the Wells Fargo fraudulent accounts scandal, the Volkswagen emissions scandal, sexual...

Corporate Fraud, Governance and Auditing

Governance of Financial Services Outsourcing: Managing Misconduct and Third-Party Risks

With financial institutions increasingly outsourcing their activities, they face a record number of fraud and misconduct cases arising from...

Private Litigation to Enforce Fiduciary Duties in Mutual Funds: Derivative Suits, Disinterested Directors and the Ideology of Investor Sovereignty

Corruption-related disclosure in the banking industry: Evidence from GIPSI countries

This paper empirically investigates corruption-related disclosure in the banking industry, aiming to identify the most relevant theories which...

The Corporate Value of (Corrupt) Lobbying

Using an event study, we examine whether the stock market considers corporate lobbying to be a value-enhancing investment. On January 3, 2006, lobbyist...

Financial Scandals and the Role of Private Enforcement: The Parmalat Case

Liability for Transnational Securities Fraud, Quo Vadis?

This Chapter evaluates the state of affairs with regard to liability for transnational securities fraud in the post-Morrison era, to find that it is in a...

Theft and Taxes

Corporate Scandals and Household Stock Market Participation

We show that after the revelation of corporate fraud in a state, household stock market participation in that state decreases. Households decrease...

Insider Trading Laws and Stock Price Informativeness