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Corruption culture and corporate misconduct

Liu, Xiaoding

Journal of financial economics, 2016-11, Vol.122 (2), p.307-327 [Periódico revisado por pares]

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Título:
Corruption culture and corporate misconduct
Autor: Liu, Xiaoding
Assuntos: Corporate culture ; Corporate governance ; Corruption ; Earnings management ; Fraud ; Insider dealing ; Insider trading ; Misconduct ; Organizational behavior ; Organizational behaviour ; Studies
É parte de: Journal of financial economics, 2016-11, Vol.122 (2), p.307-327
Notas: ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
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Descrição: Despite significant interest in corporate culture, there is little empirical research on its role in influencing corporate misconduct. Using cultural background information on key company insiders, I construct a measure of corporate corruption culture, capturing a firm's general attitude toward opportunistic behavior. Firms with high corruption culture are more likely to engage in earnings management, accounting fraud, option backdating, and opportunistic insider trading. I further explore the inner workings of corruption culture and find evidence that it operates both as a selection mechanism and by having a direct influence on individual behavior.
Editor: Amsterdam: Elsevier B.V
Idioma: Inglês

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