Securities Fraud and Corporate Finance: Recent Developments
Indiana University - Kelley School of Business - Department of Finance; China Academy of Financial Research (CAFR)
Managerial Decision and Economics, Forthcoming
In this paper, I survey the recent research in corporate finance on financial securities frauds. I structure my review around three subjects in this literature: studies on internal and external factors that elicit managerial incentives for fraudulent activities, studies on regulatory and market-based mechanisms that help to deter or detect fraud and on what affects the efficiency of such mechanisms, and studies on the economic and social consequences of financial fraud. I outline the empirical challenges related to this line of research and discuss opportunities for future studies.
Number of Pages in PDF File: 32
Keywords: corporate fraud, corporate governance, literature review
JEL Classification: G3, K42
Date posted: August 8, 2013
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