Another wave of corporate scandals has hit the market in the last decade, reviving attention to the effect of these events on shareholder value, corporate governance and stock market reactions. Given this evidence a growing body of research has investigated the determinants of frauds, the effects of frauds on investors and stakeholders wealth and tried to identify channels and tools to early detect frauds and therefore reduce the loss in social welfare. This chapter provides a comprehensive view on the state of the current research on these issues and provides suggestions for future research.

The causes and financial consequences of corporate frauds / S. Bonini, D. Diana Boraschi (ADVANCES IN BUSINESS ETHICS RESEARCH). - In: Entrepreneurship, Finance, Governance and Ethics / [a cura di] R. Cressy, D. Cumming, C. Mallin. - [s.l] : Springer, 2013. - ISBN 9789400738669. - pp. 295-314 [10.1007/978-94-007-3867-6_13]

The causes and financial consequences of corporate frauds

S. Bonini
Primo
;
2013

Abstract

Another wave of corporate scandals has hit the market in the last decade, reviving attention to the effect of these events on shareholder value, corporate governance and stock market reactions. Given this evidence a growing body of research has investigated the determinants of frauds, the effects of frauds on investors and stakeholders wealth and tried to identify channels and tools to early detect frauds and therefore reduce the loss in social welfare. This chapter provides a comprehensive view on the state of the current research on these issues and provides suggestions for future research.
Corporate Governance; Earning Management; Corporate Scandal; Abnormal Accrual; Corporate Fraud
Settore SECS-P/11 - Economia degli Intermediari Finanziari
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2434/782424
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